Today’s lesson is an introduction to the inside bar signal and how to trade it. It’s really one of my favorite patterns to trade, especially on the daily chart time frame. Why, you ask?
It’s simple. The inside bar pattern shows a pause or indecision in the market, and depending on the surrounding price context it formed within, this provides us with an extremely...
As one of the most popular types of business charts, a bar chart provides a lot of information to technical analysts. As a result, it enables traders and investors to come up with thoughtful trading strategies, designed to take advantage of the market, allowing traders and investors to profit from different values.
To better understand a bar chart, you must learn...
There are public rules for graphing price movements on the charts of various market assets.
There are two main types of designation:
Candles
They were invented by the Japanese rice merchant Homma Munehisa, which is why they got the name - Japanese candles.
The candlestick gives information about deals within the selected period:
- Opening - the initial...
