Hey guys,
as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks?
📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles
⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle it's reasonable to worry because it shows less interest of the bulls🐃
📍 however, if the red candle shows us a huge wick at both ends it means that many took the advantage and bought the dip
Do you enjoy my tutorial?
Ask me if you have any question and/ or problems
as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks?
📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles
⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle it's reasonable to worry because it shows less interest of the bulls🐃
📍 however, if the red candle shows us a huge wick at both ends it means that many took the advantage and bought the dip
Do you enjoy my tutorial?
Ask me if you have any question and/ or problems