Dear traders,
In this example, price pushed into a major high / all-time-high area and printed a (rekt candle) right at the top which means the strong aggression and heavy activity came in, but price could not keep moving higher and reversed almost immediately.
That first reaction was important.
If you want, I can help you:
• Explain the trading concept behind a "rekt candle"
• Translate this text into another language
• Analyze a chart if you upload a screenshot of the price action
Let me know how you would like to proceed!
In this example, price pushed into a major high / all-time-high area and printed a (rekt candle) right at the top which means the strong aggression and heavy activity came in, but price could not keep moving higher and reversed almost immediately.
That first reaction was important.
If you want, I can help you:
• Explain the trading concept behind a "rekt candle"
• Translate this text into another language
• Analyze a chart if you upload a screenshot of the price action
Let me know how you would like to proceed!