๐ How to read Japanese candlesticks like a pro? ๐ฅ
๐ A simplified explanation to understand market movements differently ๐
Many of my followers asked me to explain candlesticks in an easy way, so let's understand them in my own way ๐
๐ Every candlestick has a role in the market story:
๐ 15-minute candlestick:
๐ฎโโ๏ธ The field officer โ tracks every small movement moment by moment.
โฐ Hourly candlestick:
๐๏ธ Secretary to the prosecutor โ gathers events and writes a preliminary report.
๐ Four-hour candlestick:
โ๏ธ The prosecutor โ analyzes the evidence and determines the overall trend.
๐ Daily candlestick:
๐จโโ๏ธ The judge โ issues the final verdict and confirms the true direction of the market.
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๐ฏ Summary:
If you understand the relationship between these candlesticks, you will be able to read the market like a pro and see the big picture clearly ๐ฅ
๐โจ
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In the next part, I will explain how to predict market reversals from the shape of the candlestick before it actually happens! ๐
