Decoding OHLC/OLHC: Candle Anatomy
By the end of this thread, you will understand the anatomy of candles and how to ๐ณ๐๐น๐น๐ ๐ฐ๐ฎ๐ฝ๐ถ๐๐ฎ๐น๐ถ๐๐ฒ on OHLC/OLHC.
A Thread ๐งต
By the end of this thread, you will understand the anatomy of candles and how to ๐ณ๐๐น๐น๐ ๐ฐ๐ฎ๐ฝ๐ถ๐๐ฎ๐น๐ถ๐๐ฒ on OHLC/OLHC.
A Thread ๐งต
๐ช๐ต๐ฎ๐ ๐๐ ๐ข๐๐๐?
OHLC stands for Open-High-Low-Close. This is the anatomy of a BEARISH candle. A bearish candle opens, makes the high of the candle, expands making the low of the candle and then closes.
OHLC stands for Open-High-Low-Close. This is the anatomy of a BEARISH candle. A bearish candle opens, makes the high of the candle, expands making the low of the candle and then closes.
๐ช๐ต๐ฎ๐ ๐๐ ๐ข๐๐๐?
OLHC stands for Open-Low-High-Close. This is the anatomy of a BULLISH candle. A bullish candle opens, create the low of the candle, expands making the high of the candle and then closes.
OLHC stands for Open-Low-High-Close. This is the anatomy of a BULLISH candle. A bullish candle opens, create the low of the candle, expands making the high of the candle and then closes.
๐ช๐ต๐ ๐๐ ๐ง๐ต๐ถ๐ ๐ฆ๐ผ ๐๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ ๐ง๐ผ ๐จ๐ป๐ฑ๐ฒ๐ฟ๐๐๐ฎ๐ป๐ฑ?
When you are able to anticipate the anatomy of candle sticks, you can find endless opportunities in the markets.
When you are able to anticipate the anatomy of candle sticks, you can find endless opportunities in the markets.
๐ฃ๐ผ๐๐ฒ๐ฟ ๐ข๐ณ ๐ฏ
Price is fractal. Once you see it you wonโt unsee it.
Hereโs your homework: go into your charts, pick any daily candle, mark out the OHLC/OLHC, then drop into the hourly chart. Observe the formation of this daily candle through the hourly candle sticks.
Price is fractal. Once you see it you wonโt unsee it.
Hereโs your homework: go into your charts, pick any daily candle, mark out the OHLC/OLHC, then drop into the hourly chart. Observe the formation of this daily candle through the hourly candle sticks.
๐๐ป๐๐ฟ๐ ๐๐ผ๐ป๐ณ๐ถ๐ฟ๐บ๐ฎ๐๐ถ๐ผ๐ป
Mastering this concept will allow you to effectively observe the manipulation whilst positioning yourself to capitalize on the distribution.
Mastering this concept will allow you to effectively observe the manipulation whilst positioning yourself to capitalize on the distribution.
๐ง๐๐ฟ๐๐น๐ฒ ๐ฆ๐ผ๐๐ฝ
This is a liquidity grab that occurs during OHLC/OLHC. The candle manipulates lower, sweeping the swing low, before distributing in its intended direction.
This is a liquidity grab that occurs during OHLC/OLHC. The candle manipulates lower, sweeping the swing low, before distributing in its intended direction.
๐๐ผ๐ป๐ฐ๐น๐๐๐ถ๐ผ๐ป
When the draw on liquidity is clear, you can use this concept to make sniper-like executions.
This is how you frame daily & weekly profiles. Once you understand this concept deeply, you will start to anticipate the candleโs formation in real-time.
When the draw on liquidity is clear, you can use this concept to make sniper-like executions.
This is how you frame daily & weekly profiles. Once you understand this concept deeply, you will start to anticipate the candleโs formation in real-time.
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tradingpatiently.com
Receive direct access to me & free educational resources here:
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tradingpatiently.com
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