what timeline should we use ? plz make a tutorial video
Sharkethics
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@radheyojha, support and resistance concept can be used on any time frame starting from seconds to months, because trends exit within trends and patterns exist within patterns. However logically the higher time frame (daily/weekly) the stronger support or resistance is on that time frame because it takes so much longer to form it. I will try to make video with real time examples.
limborascal
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@radheyojha 4 Hours time frame... that’s the key. And pick your entire in 30 Minutes timeframe.
mfmfahim
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Hi, Where do I start the trend line (both support and resistance) from the last position or any previous given positions of the stock price? Thanks
Sharkethics
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@mfmfahim, You should draw support and resistance between any two points of price action. First point is high or low that price. Usually more point in price there are which can be connected by a straight line, the stronger support or resistance is formed.
daneilopolot
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thank you can you predict direction of news using candlesticks
Sharkethics
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@daneilopolot, I don't think it is possible. What do you mean by news? If it's media news then it should be other way around. By a candlestick pattern formation/formations you can make assumptions which are more or less probable.