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RE: Steemit Crypto Academy Season 5 Week 8 [Beginner's Course] - Reading Special Bar Combinations
Hello professor @sachin08, please while I was going through the lecture, I had some misunderstanding of the word you have used to explain the chart. "If the open and close are near the high, then the uptrend will possibly accelerate (continuation). If the open and close are near the low, then the uptrend will possibly reverse".
"If the open and close are near the low, then the downtrend will possibly continue. If the open and close are near the high, then there will be a possible reversal."
Please put more light on this for me. Thank you.
In an uptrend, you have to look at the position of open and close at their respective high or low. As it will define their Continuation or reversal. Same with downtrend.
Ok Prof. Thanks