Here’s a simple explanation of the chart symbols:
1. Candlesticks:
- Green bars = price is going up.
- Red bars = price is going down.
2. Blue lines:
- Diagonal upward line = support, price is moving up along this line.
- Diagonal top line = resistance, the price might struggle to go above this line.
3. Purple horizontal line:
- A support level where the price tends to stay above. If it falls below, it could drop more.
4. Green/Red box:
- Green box = potential profit area.
- Red box = potential loss area.