A candle could have closed green having last made a lower low and you need to know that.
Three candles show the way
2/3 truth and 1/3 lie
Several candles show the way
they are but three
2/3 truth and 1/3 lie
monolisa wrote:MO,
So the best setup would be time-based charts with the most recent highest high/lowest low marked? How far do you look back when you identify these highs/lows?
I understand the need to plan for trading. However, where should I start (eg. monthly chart) and which important areas I should concentrate on?
Thanks
Lis



