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How Valid are Short Term Candlestick Patterns Like the 5 Minute? 🕒
How Valid are Short Term Candlestick Patterns Like the 5 Minute? http://www.financial-spread-be....tting.com/course/tec PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Do short term charts mean anything? How valid are short term candlestick patterns like the 5 minute timeframe? I get this question quite a lot actually. This is a good question because the question asks: if I have 20 candles on a daily chart, each candle is representative of an entire day. This can provide us with plenty of useful information. But on a 5-minute chart this has a span of only 5 minutes; how valid is that movement compared to a daily chart? The answer is: way less valid because the amount of volume (participants) is less. Look at the prior trades and positioning - how it has got there and where the levels are. (is it with volume or not?)
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