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Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Two separate things. Start with the walkthrough to learn the screen you trade on; the topics explain the trading behind it.
Candle Arena needs the height to show a chart and your trade at the same time. You can carry on sideways, with less room.
Uptrend, Downtrend, Range, Breakout, Pullback, Reversal. First, a Range: price moves sideways between two levels, here 40.00 and 41.00. Each candle covers 15 minutes.
Price had stalled at 41.00 twice. Then a candle closed at 41.60, clear above it. A big candle that stays inside the range is not a Breakout.
The peaks rose: 42.00, 43.00, 44.00. The dips between them bottomed higher each time: 41.50, then 42.00. Both must keep rising. That is an Uptrend.
Highs 42.00 43.00 44.00 · Lows 41.50 42.00
Price dipped from 43.00 to 42.00, against the trend. It held above the last higher low, 41.50. Then it climbed to a new high, 44.00.
Last higher low 41.50 · Dip low 42.00
From 44.00, price fell to 41.00, below the last higher low, 42.00. The bounce stalled at 42.50, a lower high. The Uptrend failed and turned.
Last higher low 42.00 · Low 41.00 · High 42.50
After the turn, the peaks fell: 42.50, then 41.50. The dips fell too: 41.00, 40.00, 39.00. It is the Uptrend's pattern, upside down.
Highs 42.50 41.50 · Lows 41.00 40.00 39.00
Inside the Uptrend, the dip from 43.00 to 42.00 is a Pullback. Zoomed in, it is a small Downtrend. Shapes read the same on 1-minute, daily or monthly charts.
Naming the shape helps you decide whether and how to trade. Many traders stand aside in a Range. But no shape guarantees the next move.
From 44.00, price fell to 41.00, below the last higher low of 42.00. The bounce stopped at 42.50. Which shape is this?
General education about how charts and trades work. Not investment advice.