Lesson / WY-02-08
Successive bars provide relative relationships missing from one bar. Upward progress examines higher highs and closes; downward progress examines lower lows and closes. Incremental extreme distance measures only the current bar’s extension beyond the prior reference extreme and cannot be replaced by its full range. A bar making a new high but closing inside the previous bar’s range achieved some progress without retaining it fully.
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
