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/biz/ - Business & Finance

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21656276 No.21656276 [Reply] [Original]

what are some good trading/TA youtube channels
i just wanna learn how to read charts goddamit

>> No.21656329

>>21656276
idk i just stare at charts all day until i can intuit the next 1m candle with my eyes closes

>> No.21656425

>>21656329
hoew long did it take to achieve this level of enlightnment?

>> No.21656433

>>21656276
It's easy I'll sum it up for you now

A candle can be representative of a day, hour, month, minute, anything. Below I will assume were talking about days

A candle has two parts, the fat part and the skinny part. The fat part is a rectangle and the skinny parts are just lines.

The skinny parts represent the intraday max or intraday low, the fat parts represent the opening and closing price.

Red and green represent if the price went up or down compared to yesterday.

>> No.21656487

>>21656433
ok but how do i spot an inverted red bull of death, or a recursive retracing retraction and all that shit people talk about

>> No.21656651
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21656651

>>21656487
dunno, according to google, if you see a bunch of red candles going down and then suddenly you see a green candle that results in a higher closing price compared to the previous day, buy the stock

but to me that just sounds like a bull trap lol, depends on the time interval id say

>> No.21656730

>>21656425
3 weeks