Gann
The Basics of a CandleStick (for Beginners)Candlesticks represent where price action opens and closes in a given time period.For example, when looking at a 1HR timeframe, each candle will represent 1HR of price action and also show where the opening and closing price of that hour was.
Green candles show buy pressure
Red candles show sell pressure.
The larger the candle, the more variance in price action.
Wicks are the thinner lines above and below candles that show where highs and lows of price action has reached during the timeframe of a candle.
Wicks on the upside represent the highest price it was traded for during that time.
Wicks on the downside represent the lowest price it was traded for during that time.
Keep in mind that these wicks can be on both the upside and downside of a candle at the same time.
Remember, the top wick is the highest the price was traded at, the bottom wick is the lowest that it was traded at.
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The Basics of a CandleStick (for Beginners)
Educational ... Gann FanGann fan .. one of frequently used tools trading almost every single equity in the market .
it can give you a clue on CIT (change in trend) which is a marvelous way to have the trend from it's beginning .
and as you can see it also acts as supports and resistance ... off course in conjunction with other methods .. but sometimes i can only rely on this tool.
not to mention that it can act as a classical trend even before it's beginning ..
if you think you like this pieces of information .. tell me in the comments and i'll try posting them more ..
don't forget to press the like button.. your support is appreciated TIA
ONCS - Higher Time-Frame Analysis A quick video on Multi time-frame analysis and of how it help give us more confidence in the lower time-frames, where we will make our entries and exits. Happy trading guys! 👍