Question -

How to predict the next candles?

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12 Answers
Thomas Ball
Answered 2 years, 9 months ago
<p>Predicting is not the right word. Observing momentum, history, and patterns; these things repeat, but not ideally. It takes time to learn this. Using this information also involves an emotional component. John Carter's book Mastering the Trade is well worth wading through and takes a lot of discipline. We don't predict things; we use the information to improve our chances of success and manage our emotions if we fail.</p>
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Anthony Giles
Answered 2 years, 9 months ago
<p id="isPasted">A candlestick is not a future prediction like a palm reader might give you. Candlesticks are used as a guide to paint a picture of what the next day “may” look like in conjunction with other days. The same way a weather forecaster gives you his prediction with a “chance” of a rain event happening. The same way a candlestick shows you a chance of an expected move. It’s up to you how you might prepare for that rain or profit from the stock move, which may or may not come. Just because there are rain clouds, doesn’t mean it’s …</p>
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Joel Schmidt
Answered 2 years, 8 months ago
<p id="isPasted">Predicting the next candle in trading can be challenging, as the financial markets are constantly changing and are influenced by a wide range of factors. There is no foolproof way to predict the direction of the markets with certainty, and any attempts to do so carry a high level of risk. That being said, traders can use a variety of technical and fundamental analysis tools to help identify potential trends and make informed trading decisions. Some common tools that traders use to predict the next candles in trading include:</p><p>Candlestick charts: Candlestick charts show the open, high, low, and close …</p>
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Vernon Petty
Answered 3 years ago
<p>Candlesticks contain four pieces of information about a stock's price over a given day: the opening price, the closing price, the high price, and the low price. Investors can tell if the opening price or closing price was higher by the color of the central rectangle (called the real body). The black or filled candlestick indicates that the closing price for the period was lower than the opening price; therefore, it is bearish and indicates selling pressure. When the closing price exceeds the opening price, a white or hollow candlestick indicates that the trading day ended with a gain. From …</p>
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Derrick Zastrow
Answered 2 years, 11 months ago
<p>It is impossible to predict the future. The goal is to uncover how markets are being manipulated and to trade those manipulations. Predicting short-term price movements is not a good idea. This is how everyone in the financial markets is being hoodwinked. Prices move against the majority. It happens all the time.</p>
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