Just further to the last post ask yourself what does th OHLC bar tell you?
I am sure most people know the answer but some may not so I will explain.
1. The open price
2. the close price
3. The price range of the day, week month etc 4. The high price 5. The low price
What is the most important piece of information of this bar, it is the closing price as that will tell you what the market sentiment for the day (week month) was, in other words what the buyers and sellers where feeling. Low close down trend high close up trend.
This is what I mean when I say you need to study the buyers and sellers.
It is best to study the weekly charts to see what the buyers and sellers are thinking or feeling.
ABS
a.b.c. learning centres limited
