Logic
Logic
Lesson 8 : OLHC OHLC
Lesson 8 : OLHC OHLC
Lesson 8 : OLHC OHLC
Beginner
Beginner
Beginner
1 min
1 min
1 min
OLHC OHLC
OLHC OHLC
OLHC OHLC
Open Low High Close (OLHC) and Open High Low Close (OHLC) is the foundation of each candlestick formation. Every candle consists of an open, a low, a high, and a closing price. Understanding OLHC and OHLC allows traders to analyze how higher timeframe candles are constructed from lower timeframe candles, providing the basis for trading expansion candles.
Open Low High Close (OLHC) and Open High Low Close (OHLC) is the foundation of each candlestick formation. Every candle consists of an open, a low, a high, and a closing price. Understanding OLHC and OHLC allows traders to analyze how higher timeframe candles are constructed from lower timeframe candles, providing the basis for trading expansion candles.
Open Low High Close (OLHC) and Open High Low Close (OHLC) is the foundation of each candlestick formation. Every candle consists of an open, a low, a high, and a closing price. Understanding OLHC and OHLC allows traders to analyze how higher timeframe candles are constructed from lower timeframe candles, providing the basis for trading expansion candles.
Expansion Candle
Expansion Candle
Expansion Candle
An expansion candle begins with a small movement opposing the direction of the higher timeframe, forming its wick. It then completes its expansion in a single direction for the duration of the specified time period.
An expansion candle begins with a small movement opposing the direction of the higher timeframe, forming its wick. It then completes its expansion in a single direction for the duration of the specified time period.
An expansion candle begins with a small movement opposing the direction of the higher timeframe, forming its wick. It then completes its expansion in a single direction for the duration of the specified time period.
The goal in trading expansion candles is to observe the higher timeframe candle open, allow it to form its wick, and then trade the expansion, which is represented by the body of the candle.
The goal in trading expansion candles is to observe the higher timeframe candle open, allow it to form its wick, and then trade the expansion, which is represented by the body of the candle.
The goal in trading expansion candles is to observe the higher timeframe candle open, allow it to form its wick, and then trade the expansion, which is represented by the body of the candle.
Reversal Candle
Reversal Candle
Reversal Candle
A reversal candle opens with a significant movement opposing the direction of the higher timeframe, forming its wick. Because of this large opposing run, reversal candles typically lack the time or range necessary to produce an expansion. It is preferable to wait for the reversal candle to close and then trade the expansion that follows.
A reversal candle opens with a significant movement opposing the direction of the higher timeframe, forming its wick. Because of this large opposing run, reversal candles typically lack the time or range necessary to produce an expansion. It is preferable to wait for the reversal candle to close and then trade the expansion that follows.
A reversal candle opens with a significant movement opposing the direction of the higher timeframe, forming its wick. Because of this large opposing run, reversal candles typically lack the time or range necessary to produce an expansion. It is preferable to wait for the reversal candle to close and then trade the expansion that follows.
Note that price has already used most of its time and range to create the wick of the candle, making further expansion unlikely.
Note that price has already used most of its time and range to create the wick of the candle, making further expansion unlikely.
Note that price has already used most of its time and range to create the wick of the candle, making further expansion unlikely.
Indecision Candle
Indecision Candle
Indecision Candle
Indecision candles open and close near the same price, representing periods of market consolidation.
Indecision candles open and close near the same price, representing periods of market consolidation.
Indecision candles open and close near the same price, representing periods of market consolidation.
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The standard for trading education and guidance
2025 The Market Lens - All Rights Reserved
The standard for trading education and guidance