Glossary/ Charts
Charts
Candle
One period of trading drawn as four prices — open, high, low and close.
Where this comes up
Lessons that use the term in context, which is usually more useful than the definition on its own.
- What a trend actually is — Higher highs and higher lows, defined precisely enough to disagree with.
- Support and resistance, defined properly — Where levels come from, and why most people draw them wrong.
- When support becomes supply — A level that stops price on the way down often stops it again from the other side.
- Volume behind the move — Participation, read underneath price.