Good Morning Chads
You guys dont sleep?
Una active o, but that’s how we like it
Yesterday we were talking about those candles, I do have a question though
Okay, I’m listening
What does these candles tell us
It reveals time, history and the buying and selling pressure in the narket
How about you
I slept well too
Good morning
Good morning everyone
Hope we all slept well?
I did
Hope you slept well too?
Hii
👍
So...
What are we going to be digesting today?
Do you have anything you wanna talk about? Or have any questions you wanna ask?
They tell us the story of what price did during a particular period of time.
A single candle can show us:
Opening price — where the price started
Closing price — where the price ended
Highest price — how high the price reached
Lowest price — how low the price reached
Who was stronger — buyers or sellers
Yh I actually do...
What is the difference between a break out and a take out?
They help traders understand the battle between buyers and sellers and how the price moved.
Simple example:
A bullish candle shows that buyers pushed the price up. 📈
A bearish candle shows that sellers pushed the price down. 📉
Anyone??
Hm, this is new but here it is, a break out is simply when price breaks out of a defined trading range or a key resistance level
While Takeout on the other hand is basically price moving to take out a specific price point
