So when you are looking at a chart start by looking at the daily chart here one day it's a daily chart
the daily challenge and get zero in.
View of the trained prices making your highs and lows and your highs and lows.
That means prices in an uptrend when are making lower lows lower highs lower lows and slow down trend.
Now this is another trend.
And this is a pullback pullback opportunity so prices been moving up.
And now it's pulling back.
So we're looking at a day really hard to identify the trend and identify the patterns of consolidation.
So consolidation balances that after pool after a trend the price will pull back in the opposite direction
for a short period or longer.
It could be a few days few weeks few months.
Like in this case each barring the case displays one day.
So here price went up and then pull back for one two three four days and then here on the fifth day
there was a reversal came in Bush involving our phone and they thought that's OK.
Jump in.
This is the indication that price seems to be ready to move higher again.
Any
This is the day to shop if you are a day trader yourself by looking at the hour of the hour Richard.
You can identify patterns bonds or conservations and breakouts and then you go a little more specific
into the 50 minute shot or the one I mean you charge.
So start with the chart and then go down to the 15 minute chart and the one in the chart the chart gives
you another look on what's going on we the day with a particular cryptocurrency and then go a little
more specific into the 15 minutes and then the minutiae.
If you him in a trap can still see the trend within the one chart that's when you start seeing volume
activity is big bars within the one minute look at is the hourly tells us pull back 15 minutes pull
back one minute pull back by the reversal with a big volume bar with the 1 meter chart.
Then you can start really analyzing the market and pay attention to the bars.
And then a few in this course are mainly going to be talking about day trading and strength really mainly
mammalian A3.
So we look at those trades we enter and exit within the same day.
So we're going to be comfortable by looking at the chart 15 in the chart.
When I watch out and as always the daily chart for power if you are a street trader you look at the
daily chart.
If you are positioned when you look at the daily chart if you are an investor you look at the
investors are not so concerned about.
Well actually just think Craig unless there is a major reversal in rate here there's no major reversal.
So it's very clear he's going keeps going hungry and I know you're so they say why worry.
And I see a big reversal.
Well this could be the good of us again though.
But price isn't broken.
They see the economy.
The orange line.
I actually don't know about it.
So that's a general guideline strongest price stays about the it makes the train when Price closes below
you can make closing three.