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support level-cyrpto cannot go any lower then this in a certain period of time
-higher highs,higher lows, lower lows ,lower highs in prices are trends
terms-forx stocks crypto currency pair((NOT MUCH IDEA ABOUT THESE THINGS,MAYBE
OTHER KIND OF TRADING PLACE LIKE CRYPTO ))
every single market has a candle stick charts
a single candle stick has two parts -body and wick
---open high low and close are some basic terms in a single candle stick
we put a large amount of these candles together in order to interpret what price is
likely to do next by identifying trends and areas of value entry pattern
trending markrt
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term-up trend ,down trend, (consolidation)--it basically means some here and there
iregular ups and downs between a pullback and next impulsive moves
up trend--a candle stick chart is consistently making new highs and then higher
lows fall by new higher highs ,new higher lows, new higher higs,new higher lows
impulsive moves--the moves in the chart of a market wchich makes a move and put
impact on he trend(either it goes up in a vast amount )--after every impulsive move
the market
gentrally takes breathing and which we call as (pullbacks)
the main way WE GONNA BE IDENTIFYING TREND IS the lowest low of a pullback cannot
be broken of us to stay in a uptrend
(((pechla wala IMPULSIVE MOVE ka jo PULLBACK HAI uska sabse LOWEST point ke below
jab tak agla IMPULSIVE MOVE ka PULLBACK nhi jaega..tab tak hmlog yahi mann ke
chalenge
marketn up ki taraf hai aur UPTREND me jaa rahi hai)))
-------basically these are used to take better trading descisions ((where to stop
and start trading((ENTRY POINTS )) in a trending market and make profit
--barish trend(DOWN), ((aur sayad uska opp. ballish(UP TREND)trend hota hai))
--now how to use structure support and resistense in an uptrend-previos RESISTENCE
continuation will become support(continuation is drawan in a straight line)
--down trend(barish)-previous support will act as possible resistence
--happysaintnft
--Shivam@@76S
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