THE POWERFUL CANDLE TAIL STRATEGY

06/01/2023, 22:19 WIB

The candle tail strategy is quite easy and easy to learn because just by looking at the candle tail we already have 80% consideration for the next market. To be more clear and simple I will include an image below.

In the image below, there is a fairly long tail of the candle below which indicates that the price has tried to go down to that area but is rising again because there is a large enough demand. Moreover, coupled with the existence of a bullish candle (up/green candle), the potential for an increase will be even greater. So it can be concluded that the upper tail means the potential for the next candle will go down and the lower tail means the potential for the next candle will go up.