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Candle

What exactly do traders mean when they say "local high"You've probably heard the term used in a sentence somewhere, for example, "I'm now looking for divergence on the one hour chart of bitcoin because a local high has been established" Well this snap shot shows how a local high for an hourly time frame is established. The top of the wick (the highest point reached as of late) is at $13880 and soon after you see a candle trading below the low of that candle ... If you're interested in learning more, subscribe to my youtube channel : "Kick Back Time" If I start to recieve subsbribers I will be encouraged to make instructional videos there, going into greater in depth knowledge and detail I will be adding to this post to show more examples
BITSTAMP:BTCUSDEducation
by Kick_Back_Time
AUDCAD on the first confirmation onto the demand zoneAUDCAD hits the first confirmation onto the demand zone. The First bearish candle to hit our key zone is around 5/13/19 and the low before the reversal is set at 0.093542 on the minor demand levels before jumping out the zone. This will be a break shorting oppotunity at the next major demand level since price hasn't been back around this aera since the end of feburary. We can go long around the 0.93091 area and scoop 20 pips at the 0.93281 and stop at the 0.92219 area
Long
by Trellz_
-------------------4HR CHANNEL/ PPL SET-UP--------------------Additional lower timeframe confluences: 1) 30 min FIB retracement and notice any respect or rejection to key 61.8 level 2) 15 and 5min 14 and 50 Ema in your favour, or wait for a dynamic support/ resistance 3) 5min rejecting a PPL and RSI strength in your favour bounce off 30 or 70 level 4) At a point of lower time frame break/ push there will also normally be a 5min 14 EMA retest the same time as a minor correction and good entry point if everything above lines up
Long
by JevanHayre
Candle lockOkay, so I think this is a good one, and obvious when you think about it. All of my lines, rays, and Fibonacci sets are always drawn from a candle open, close, high, or low. It would be WONDERFUL to have a setting that automatically sets these drawings to the nearest candle body or end of wick that I draw the line at. The spot that I click on the chart should quantize from there so I don't have to zoom in or look at exact prices and then adjust. This would save me a ton of time and 4prevent errors in my charting. Hope you like it!
NASDAQ:QQQ
by bass2000