Graphic interpretation

Hello
Please Help!
In the chart below I want to know how can I tell if it will increase its price will drop.
Thank you!

green candle = up

red candle = down

:smart:

clauss said:

Hello
Please Help!
In the chart below I want to know how can I tell if it will increase its price will drop.
Thank you!

Click to expand...

Using that chart, you can't. But using the daily chart, price is most likely to range between 38 and 40.5 (the candles, much less the colors, are of no special relevance).

Db

kalott said:

green candle = up

red candle = down

:smart:

Click to expand...

Excuse me but I did not understand much of what you wrote.
After I did some research I saw that green candle shows that price increases and red candle shows that the price will drop.
But this green candle that has a tail down what it means?
But this candle?

Please I explained all that means every candle.
Thank you very much!

clauss said:

After I did some research I saw that green candle shows that price increases and red candle shows that the price will drop.
But this green candle that has a tail down what it means?

Click to expand...

With regard to your PM to me, no candle will tell you what price will do. It can only show you what price has already done.

All your example tells you is that price rallied to the top of the wave that occurred in that one-hour timespan. And that's all it tells you. The same thing occurred earlier at 0400, and the world continued to revolve.

Price movement is continuous. It does not open and close like a circuit, at least until the market closes, and the market doesn't close with futures until the end of the week.

Your research has shown you than you can't depend on candles, so it was worth doing. Now research something real.

Db

I recommend reading up on candlestick analysis if you intend to use a chart like this with no indicators.

I would recommend going to the beginners area and spending time learning ......the forum is a great place,to,then ask questions but try to,help,yourself first by reading the basics

N

clauss said:

Excuse me but I did not understand much of what you wrote.
After I did some research I saw that green candle shows that price increases and red candle shows that the price will drop.
But this green candle that has a tail down what it means?

But this candle?

Please I explained all that means every candle.
Thank you very much!

Click to expand...

Tails over and under the body of a candle shows how high and how low the price went during this period of time.