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Need help on this chart pattern


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Need help on this chart pattern

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bobwest's Avatar
 bobwest 
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DanGonzal View Post
I do not understand how the above two posts of Symple aids in the discussion of the main topic of this thread.

By the way, the 15-minute charts in the figure represent intraday movements.

@Symple , can you please explain it? I am interested in knowing about it if it helps in my understanding. Thanks.

I somewhat agree. Part of the problem is that the main topic of this thread is not actually about the "direction of movement of stocks," as stated in the original title. It is a question about a specific situation that the original poster posed regarding a 15-minute chart with a particular price action, where the first 15-minute price candle of the day was followed by one result in one stock, and the opposite result in another. This is a very specific question, and while it does obviously raise other questions about what can be known ahead of time, it is still a particular issue and not something as general as the original thread title may have seemed.

For this reason, I am changing the title of the thread from "Help needed - regarding direction of movement of stocks" to "Need help on this chart pattern." The new title may not be the best possible one (and I am open to other suggestions), but it is more clear that the topic is not simply anything about stock movements.

The original post makes the topic very clear:


DanGonzal View Post
Hello Experts of this Forum,

Would you be able to help in the following situation?

The picture at i.snipboard.io/s94DjX.jpg shows 15-minute charts of 2 stocks separated by the pink line. Left side is of one stock going bullish after the first candle of the day. Right side is of another stock going bearish after the first candle of the day.

Is there one or more indicator(s) which can help to predict the direction of the second candle of the day after the long first candles in each of the above?

That is, how can one avoid going Short on the left side stock? And how can one avoid going Long on the right side stock?

...

----------------

@Symple, I think your posts could be very helpful in an appropriate thread, and I invite you to start one if you would like to pursue the subject. We don't really have too much of a general nature on stocks, and it would be welcome.

I would advise you to first read some of the existing posting in a thread, particularly the initial post starting it off, before adding your own comments, just to be sure that they will address the actual topic being discussed. There was nothing wrong with assuming that the thread, under its original title, was in fact about the general subject of stock movements, but it wasn't. I hope the title change will help others understand it better.

Thanks for adding your thoughts, but they do need to have a different home. Feel free to create one.

Bob.

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