A long candle is seen!
When the candle appears at rsi extremes, it generally signals the end or start,
When it appears near mid of rsi, it signals the pause.
(Keep duration as '2 minutes' for Day Trading and 'Daily' for Swing/Positional Trading.)
Monday, March 15, 2010
Start, Pause, Stop (Understanding Candlesticks-II)
How is the start or pause or end of a trend communicated in candlestick charts?
A long candle is seen!
When the candle appears at rsi extremes, it generally signals the end or start,
When it appears near mid of rsi, it signals the pause.
(Keep duration as '2 minutes' for Day Trading and 'Daily' for Swing/Positional Trading.)
A long candle is seen!
When the candle appears at rsi extremes, it generally signals the end or start,
When it appears near mid of rsi, it signals the pause.
(Keep duration as '2 minutes' for Day Trading and 'Daily' for Swing/Positional Trading.)
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