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Wednesday, July 01, 2015 3:53:55 PM
Then you don't understand how the chart works. Each candle has a trend view..
There are five primary signals that identify trends and buying opportunities:
*Hollow candles with no lower "shadows" indicate a strong uptrend: let your profits ride! 3 days in a row of these and then,
*Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.
*One candle with a small body surrounded by upper and lower shadows indicates a trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long. Today! Wonder what happens next week?
*Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.
*Filled candles with no higher shadows identify a strong downtrend: stay short until there's a change in trend.
Read more: http://www.investopedia.com/articles/technical/04/092204.asp#ixzz3efeN3xlY
Follow us: @Investopedia on Twitter
There are five primary signals that identify trends and buying opportunities:
*Hollow candles with no lower "shadows" indicate a strong uptrend: let your profits ride! 3 days in a row of these and then,
*Hollow candles signify an uptrend: you might want to add to your long position, and exit short positions.
*One candle with a small body surrounded by upper and lower shadows indicates a trend change: risk-loving traders might buy or sell here, while others will wait for confirmation before going short or long. Today! Wonder what happens next week?
*Filled candles indicate a downtrend: you might want to add to your short position, and exit long positions.
*Filled candles with no higher shadows identify a strong downtrend: stay short until there's a change in trend.
Read more: http://www.investopedia.com/articles/technical/04/092204.asp#ixzz3efeN3xlY
Follow us: @Investopedia on Twitter
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