/biz/ - Business & Finance

>>29381386
You see the candle?
The bottom thin part is very long, that means that sell pressure exhausted and buying pressure won
The body is at the very top (the body is where most trades happen), we call this a hammer candle because it means the sellers lost to the buying pressure, hence why its a reversal signal
About the charts, its always useful to have a top to bottom approach to TA so check charts like 1h then 15min etc. when looking for signals
This is a very clear entry trigger if compared to volume, RSI and BB (RSI and BB are indicators)
TA is real and not a meme, the problem is most people on /biz/ draw dogshit resistance and support lines that aren't actual support and resistance and just look at muh patterns