High Volume But No Price Movement Series On A

This is because we expect the coming peak to surpass that of the late 2019 peak in price, or else our hypothesis would be proven incorrect.

High Volume But No Price Movement Series On A

Unlike a simple line chart, each series on a candlestick chart contains four data points.

When a candlestick is red (this color may vary by platform and can be changed), it means that the closing price was less than the opening price.

A green (or white) body shows a price increase, while a red (or black) body indicates a price decrease.

If the open or close was the highest price, then there will be no upper wick.

On their own, those words make a lot of sense: you can figure out what the high price means, but their meanings can get a bit confusing when it comes to candlestick charting.

So every five minutes, theres a new five minute high, or five minute close.

However, many traders use these arbitrary values to create trading strategies.

This pattern is a strong indication that a reversal is about to occur.

It tells you that sellers are giving up, and buyers are taking over.

The first candle is a short red body that is fully engulfed by a bigger green candle.

This pattern shows pure and unquestionable control by the buyers, and almost always results in higher trending prices.

The first candle is any long and bearish candle, the second one is a small and indecisive, and the third candle is any long and bullish candle.

Its when something is consistently going in one direction for a period of time.

The same stands true for the stock market: when a stock is consistently going in one direction (up or down) over a period of time, thats a trend.

Market trends can last seconds, minutes, hours, even decades.

The market had gone up consistently for about 10 years before finally making a substantial pullback.

Now we just need to perform some simple trend analysis so we can get a more detailed understanding of how the trend is playing out.

Mountains have their very high peaks, which are usually followed by much lower points called valleys.

Sure, the stock still comes down sometimes and forms a valley (or a trough, same thing), but each successive peak and valley are higher than the last.

We can achieve this by finding the peaks and valleys and drawing lines connecting them.

But this will give a rough idea of how long it takes for a peak-to-valley to occur, and how significant the resulting changes in price will be.

However, when this occurred, buyers got so aggressive in buying the stock at those levels, pushing it back up very quickly.