Closing a weekly or monthly candle 🕯
Why do we often say “be careful, maybe they will push you to the required levels at the end of the week”?
Let's tell 🤝
Let's take this example
The weekly candle has currently broken through the support level, but major players want us to consolidate above it.
What happens at the end of the week?
Big players push the coin above the support level and the candle body closes above it.
On higher timeframes, on a candlestick chart, they are often drawn along the body of the candle.
Based on the fact that the candle body closed above the support level, we can assume that there will be a rebound from this level 📈
It's the end of the week and in a couple of days the end of the month.
Let's see where the market is pushed at the close of the weekly and monthly candles 🕯
Have a nice day everyone 👋
