Lesson / WY-02-08
A bar’s shape belongs within horizontal areas, trend stage, and the current swing. A downward probe and recovery near support initially shows only that lower prices were not retained. If preceding downward progress was already shortening and demand subsequently crosses and holds a local high, buying support becomes more plausible. The same lower wick in the range middle is usually only an intrabar retreat because it tests no important boundary.
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
