šMaster the Art of Reading the Market
If youāre blindly buying the dip⦠youāre not trading ā youāre gambling.
Letās fix that. š
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š¹ļø CANDLES EXPLAINED
Each candle = a time frameās battle between buyers & sellers.
⢠š¢ Green: price went up
⢠š“ Red: price went down
⢠Wick = high/low of the period
⢠Body = open/close price
š§± SUPPORT & RESISTANCE
Think of them as psychological floors and ceilings.
⢠Support = bounce zone
⢠Resistance = rejection zone
Prices often respect these levels before breaking through.
š TRENDLINES & PATTERNS
⢠Uptrend = higher highs and higher lows
⢠Downtrend = lower highs and lower lows
⢠Patterns like triangles, flags, and head & shoulders can signal breakouts or breakdowns
š VOLUME CONFIRMS THE MOVE
No volume = no conviction.
Always check if price action is supported by volume surge.
š RSI & MACD Basics
⢠RSI above 70 = overbought š
⢠RSI below 30 = oversold ā
⢠MACD crossovers = momentum shifts
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šÆ Charting ā Crystal Ball
But with the right tools, you can spot opportunities ā or avoid traps