I started with bar charts in 1978, drawing them by hand, only candles I knew lite a room but you could get burned by them.
%% LOL; i look @ barcharts , becau$e IBD[ newspaper] uses them. Much prefer candle charts/ but a whole WMT or commercial store\ is much more, so i study the whole store/candle section =fine+ going up. I also use a calender they have moon phases.[ dont see any moon patterns in OCT except 15th looks like a half/ dark moon LOL Looks like OCT maybe a bear killer\ if first FRi close$ up\ 2nd FRI close up if 3rd FRI close$ up if last Thur LOL close up. 1ST NOV Fri?? I dont know about NOV yet, lets get thru OCT/LOL May collect some OCT dividends, but not today on SPYG\exit
The fish are drawn to them. That alone makes them notable. It’s always good to know what the fish are drawn to. A corollary is, don’t be a fish.
%% I agree with most of that EXcept ''dont be a fish'' implies ; fish is not worth much\ or fish is not brain food/ this last sentence = very much false. Sure a daily candle can be a like 5 minute chart= mosTLY noise, maybe your point??. But size wise /I like salmon\sardines\ coldwater Canadian fish= polar bear food \ + bull elk / bull elephants. Whale is not really a fish, its biggest bear food. Biggest bear recorded is brown bear; polar bear , my favorite has bit smaller weight record. As to record bear length \ that"$ a different subject
Fish, as in naive, gullible, inexperienced. Pretty much everyone has a chart with colorful candlesticks. Everyone can learn on Investopedia what an outside day is. One of the posters who keeps stats gave a frequency of its occurrence in the stock indices at around 10%, which is not that infrequent, and is what you would expect if you map out all the possible 2-day cases. When an outside day occurs, everyone sees it. What is the significance of that? Trading futures is a minority game. Look that up if you aren’t familiar with the term. As for the food version, I stopped eating fish years ago. I don’t eat farmed fish and the waters are too polluted to safely eat large fish. I hardly miss it.
%% SUNFISH, brim[panfish] are usually easy to catch; trophy\ big bass are known to be wise, for fish that is /LOL. MAIN trend is still down, medium trend \50 day moving average is still down. Nice gap down today on SPY benchmark. THAT remains to be seen if OCT lives its Stock Traders Almanac nickname ''bear killer??'' SPY = green UP for the month, up+ nice % for the week, as of 9;30CST., WED,2022. I seldom eat farmed fish; prefer fresh fish, wild caught , or canned [on boat] salmon, smoked sardines, Canadian herring + tuna in soy oil............................................ One cash checker @ WMT checked out my smoked sardines and asked ''you like that stinkin' stuff ?? LOL''Yes,[EDIT; that's the cleaner tuna, strangely the more expensive tuna tends to be more polluted]
It's a trading range on a smaller timeframe where there was a failed BO attempt. If there isn't follow-thru and you get an inside bar after it you can trade the BO/failed BO for at least a 1:1.