/biz/ - Business & Finance

>>18102232
DISCLAIMER: TA is largely bullshit, but we're in clown market right now so maybe its okay to use bullshit reasoning to win bullshit money in a bullshit market.

You can see that the bart simpson, when represented with candles, is a sequence of roughly even bars alternating red and green.
TA fags refer to this as a (assuming it pops out green on the other end) "Bull Flag". With candles, we can get a clearer view of just how fast the price is oscilatting around a fixed point. This implies that there are lots of buy/sell orders around this price.
TA fags argue that the sell orders were placed by traders who are not reacting quickly enough to the market. The real price is rising, but the sellers are pushing the price down, holding it steady. Once all the sell orders are canceled or fulfilled, the price will shoot up as nothing is holding it down.
The advantage of looking at it this way is that we get a better idea of how much oscillation is occurring within a fixed time frame. With lines, we only get a single point, not a range.