Transcript · English
English transcript
Don't take a sell over here just because you
see candles coming down. If you look at this,
you got the 30-minute candle, one, two, three,
four candles moving down, and we got some sort
of rejection right over here. Let me switch
to the 15-minute and explain to you why this
would not be a wise idea. Now, I want you to
pay attention to this candle right over here.
If you see this candle, look how these candles
close, right?
Now, take a look at this candle. Did this candle
close below this support?
Absolutely not. So you need to wait for a candle
to break and close below, a body, not a wick,
a body to break and close below. This is where
the analysis on smaller time frames, you're
actually able to read structure, because if
you can wait for this confirmation, then overall
on your one-hour time frame, you can have price
moving down in this 57, 56 pip range. Again,
on the 30-minute, it doesn't make any, like,
you know, you don't see any confirmations apart
from, like, you know, candles closing bearish.
But on the 15-minute, you can see some sort
of a confirmation because you want the candle
to close below... you can't see the line, whatever.
Below this area right over here. This candle
rejected, this rejected as well. So waiting
for confirmations by studying candles is the
best thing you can do for yourself.
End of transcript · 249 words · machine translated