Decoding Candlesticks: Unveiling the Price Story in Motion!
Ever wondered what those moving rectangles in charts have to say about prices?
#thread
What is Candlestick?
Imagine these rectangles in motion as storytellers of price movement.
No need for fancy names; we're shifting focus to body sizes and heights for a fresh perspective. Some have tiny bodies, while others are robust. The body size & % to full height matter.
Open of the Day: The opening price sets the stage.
It's the result of news, events, & sentiment since the last close.
Prices above or below the open often hint at the day's bias.
I adopt an appropriate amount of Patience as a balance between fear and greed.
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I maintain the required patience to attain my entry and exit
. #trading#affirmations