Candlesticks

CandlesticksLesson 9 of 144 min read

One confluence only

A good candle read that failed, and the rule it leaves you with. A candle is never the whole reason.

This is the most important lesson in the module. It is the limit on everything you have just learned.

A read that failed

On the gold daily chart, price had been falling. A doji formed at the bottom of the fall, leaning bullish, with a long wick underneath.

By the reading in the last few lessons, that is a good candle. Price went straight through it and carried on down.

Figure 1 · A gold daily downtrend with each high lower than the last, a bullish doji ringed near the low, and price continuing lower after it

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