MICRO E-mini S&P 500 15 OCTOBER 2021
Will have to see what happens next week but you can see the lack of pressure in this current mark-up.
The closer the candle closes to the top generally means its running into less selling which means the mark-up can continue until it meets thats pressure.
The length of the wick is a major clue. This applies to either side of the candle (Supply or demand side)..
Its sorta easy once you can recognize what the different wicks mean. There is no text that I have come across that explains this is detail. You have to practice to see it. Back-testing is incredibly important to get your skills up.
The closer the candle closes to the top generally means its running into less selling which means the mark-up can continue until it meets thats pressure.
The length of the wick is a major clue. This applies to either side of the candle (Supply or demand side)..
Its sorta easy once you can recognize what the different wicks mean. There is no text that I have come across that explains this is detail. You have to practice to see it. Back-testing is incredibly important to get your skills up.