Lesson / WY-02-08
“Wide” and “narrow” require a baseline. The simplest comparison uses several neighboring completed bars; alternatives include the same session period, similar events, or the recent range distribution. Keep the selected baseline consistent to determine whether this bar’s coverage is normal expansion, contraction, or an anomaly. Absolute range also depends on price level. Across long periods or instruments, percentage range or a consistently defined volatility scale may be used.
Course content is for learning and research only. It is not investment advice.
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7 lessons · Chapter contents
01Open, High, Low, and Close: Checking the Basic Data↗02High-Low Spread, Body, and Wicks: Different Measurements↗03Closing Position: Where Price Finishes within the Bar↗04Relative Range: Comparing a Bar with Earlier Volatility↗05Progress, Overlap, and Reactions across Successive Bars↗06Gaps, Unfinished Bars, and Observation Time↗07How Structural Location Qualifies a Single Bar↗Observe the market: start with context and place price within its structure.
Understand structure: compare supply and demand, and let evidence support or revise your hypothesis.
Form a view: define risk limits and know when to reassess.
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Understanding Volume
From Single Candlesticks to Swing Comparisons
