$MAGIC Guys, are candlestick charts actually useful?
$KAIA Don’t just look at whether prices are rising or falling—understand the intentions of the big players behind the scenes!
$BAT Candlesticks don’t speak; they’re simply a reflection of what the big players are thinking.
Understand these three coded messages, and the market will feel like a movie with subtitles:
1. Fake breakdown, real push higher: If the price breaks below support but closes back above it, and the rebound comes on lower volume, it’s often a shakeout.
2. Warning of a price-volume divergence: Rising prices on declining volume signal a false boom; steady prices on rising volume suggest quiet accumulation.
3. The danger of consolidation at a high: Mildly rising volume during bottoming consolidation signals accumulation; falling volume during consolidation at the top signals distribution.
Understand these signals, and you won’t be led around by the nose!
$KAIA Don’t just look at whether prices are rising or falling—understand the intentions of the big players behind the scenes!
$BAT Candlesticks don’t speak; they’re simply a reflection of what the big players are thinking.
Understand these three coded messages, and the market will feel like a movie with subtitles:
1. Fake breakdown, real push higher: If the price breaks below support but closes back above it, and the rebound comes on lower volume, it’s often a shakeout.
2. Warning of a price-volume divergence: Rising prices on declining volume signal a false boom; steady prices on rising volume suggest quiet accumulation.
3. The danger of consolidation at a high: Mildly rising volume during bottoming consolidation signals accumulation; falling volume during consolidation at the top signals distribution.
Understand these signals, and you won’t be led around by the nose!