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Reading a Candlestick
A candlestick shows a period's open, high, low and close. The body spans open to close and the wicks reach the extremes. Reading the body and the wicks is the highest-return skill in chart reading.
Foundations4 min read
Patterns
Support, Resistance and Breakouts
Support is a price area where buying has repeatedly stopped a decline; resistance is where selling has stopped an advance. A breakout is a move through one. The mechanism is order flow and memory.
Foundations4 min read
Patterns
Trendlines and Channels
A straight line through successive highs or lows, describing the slope of a move. Useful, and more subjective than almost anything else on a chart.
Foundations5 min read