Saturday, January 11, 2014

Why closing price of the candle is important - Study Crude



Any technical, closing price of the candle is more important (any time frame)

Take the case of Crude, Trend change level (uptrend) 6152.67.

On 1st January high is 6170 - Close is 6130 - Reversal Failed (Rejection)

On 2nd January high is 6170 - Close is 6002 - Again Rejection.............

Message is crude is not in Buy Mode..............................................................


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