Sunday, 8 July 2018

Most important Candle formation for binary options

Please Mark this formation. it is so important.
The upper shadow represents the area where the market rose to (as part of its range), but was unable to conquer (as part of its body).  It was unable to conquer that area because the market met eager sellers who were more aggressive than the buyers in the market.
Hence, the upper shadow measures selling pressure. The longer the shadow, the more selling pressure the bar exhibits.

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