Interpret candle to guess TP or SL will be hit first

p1p1n

Private
Messages
24
30jmnfp.jpg


I am trying to get information about the bullish candle.
What i am thinking is as its a bullish candle the price was low & the ended up high. so movement was from bottom to top.
 
30jmnfp.jpg


I am trying to get information about the bullish candle.
What i am thinking is as its a bullish candle the price was low & the ended up high. so movement was from bottom to top.

Despite looking like a bullish candle, you can't really describe it as bullish since it was pushed back down. It's also pulled out of context, so you'll need the entire chart with S/R zones and neighboring candles to try and guess if it'll go up or down.
 
It's also not a bad idea to combine candles with at least one other form of analysis to confirm S/R levels.
 
Back
Top