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Nutty_Trader
Mar 27, 2021 3:56 PM

MASTER CANDLE ON 1 WEEK TIME FRAME Long

Algorand / United States DollarCoinbase

Description

The most common way to interpret master candle is to trade its breakout.

Master candle is generally a 5 candle setup, a mother candle, and the 4 child candles that are inside the mother candle range.

If any subsequent candle outside this 5 candle sequence breaks above or below the mother candle, then it signifies that either bulls or bears have taken over and the one-sided movement may continue for some time.

NOT FINANCIAL ADVICE
Comments
CharlesPark
Good to know! Thank you.
Nutty_Trader
@CharlesPark, no problem thanks for viewing!
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