Original subtitles

Alright what is happening everybody? So this video is

candlesticks part one. And now as you all know candle sticks

are just a pure form of looking at the charts. But what candle

sticks entails is it's just purely the prices on the right

hand side. Okay. Now by looking at this beautiful image I draw

for you guys on the chart. I would like you guys to take

note of the high and the low firstly. And then the same on

the bearish candlestick is also the high and the low. Now the

high the low basically is just the highest form, the highest

price level that the candle could have reached in that

specific time period. For example, if you're on a 30

minute time frame or 15 minute time frame in that 15 minutes

that is the highest price point that the candle the that the

candle could have reached. So if I place a horizontal line at

the top of this and you can see to the right hand side the

highest price at this bullish run could have reached is one

eight five two point two but then it pulled back a little

bit to one eight five one nine two. Now this difference in

price points really isn't important. I'm just trying to

explain to you the formation of candle sticks. Now exactly the

same with the low. Let's use the bearish candle on a low

example. So the low would then be one eight four nine point

five three and then this is where it closed. This is when

the candle stick closed. For example you'll see on the right

hand side we see a a countdown timer. Now that is when the

candle stick is closing. So that's why I always say we

enter on a closing candlestick. We don't want to enter on a

moving candle stick. Because a lot of times you'll see the

marker comes in with a lot of bullish momentum. At first and

then just coming back down creating a big fat wick with

rejection to the downside. And then price going down against

us. So That is why I always say wait for a camera stick to

close. And as you can see the body is in between. Now the

body is the realised volume. Meaning there's orders that

took place for this price to go up. There has been buyers from

this level to this level. There has been more buyers. From this

level oh sorry from this level to this level. Now exactly

sellers. There has been sellers from this level to this level.

More sellers. Not just sellers. More sellers and more buyers.

Okay. Oh my bad. Did I just do erase all? Ja I think I did.

Okay. So anyway this this is also the eye. Let me just my

OCD is killing me guys. Okay. Now as you can see this is the

full formation of a candle stick. Now the open and the

close you can see are two different sides. When a when a

bullish camera opens it opens at the downside. Because

obviously the trend is going up. So it has to open here and

go up with a wick. Now exactly the same with a berries trend.

Um if we have a berries trend forming the open is going to be

at most probably at the close of the previous candlestick.

Nine times out of ten. Except if there's like big

manipulation happening or there is some sort of gap in the

market or fundamental event but you don't need to really Um

really be wary of that, okay? Now one thing I want you guys

to take note of is that the markets are fractal, meaning

what happens on one time frame happens on other time frame.

For example, if this is a daily time frame, there's going to be

a bunch majority of the candles is going to be majority of the

smaller time frame candles is going to be bearish, okay? I be

guys took note of this. I'm going to erase all of this.

Delete this one here. Delete this one here. Let's use a

bullish

Buddhist movement. Let's say this is my daily time frame.

Then in my daily time frame I'm going to be having a bunch of

smaller

bullish candle sticks but you also going to have some bearish

movements. Because the day is still occurring. Day is still

happening. And this we're going to discuss this in more detail

on the other videos. But this is basically oh my bad I

screwed that one up. This is basically going to be the

formations look inside of a daily candle stick. Something

like this. Okay. So what happens on this time frame

happens on this time frame as well. So let's say this is a 30

minute time frame. Then obviously the lower time frame

such as the five minute is going to have smaller time

smaller candlesticks inside of this one. So each candle stick

has a candle stick inside of this candle stick. Unless you

have a like a one second candle stick but we not even looking

at that. I don't think ja they do have one second but we not

even looking at 1 seconds. The lowest we will ever go is

probably five minutes but that is very rare. So for example

let's just use another example.

Exactly the same example as I just used but this is the four

hour

So in the four hour candle is going to be 830 minute candles.

Okay. Now this candle is going to be one, two,

creating that wick for my bad. You guys get the point, okay?

One, two, three, four, five. Six and then maybe let's just

create the wick seven eight okay that's a little bit of a

bigger wick but like I like I say guys I'm not Picasso just

trying my best over here so that is something like how the

four hour candle will be formed then but on the 30 minute so

that is why we always enter on the lower time frames we use

the higher time frames to give our buyers but then we enter on

the lower time frames okay So I hope this made sense. Um we we

slowly diving into the more detailed stuff. But these are

all introductory terms. So I hope you guys enjoyed. Please

take some notes. Like I always say take notes. Take notes. And

if you have any questions remember to ask on the

community. We're all here to help.