Time Cycle is a routine that allows you to map the movement of a stock by measuring the high and low levels of the stock on a day or period. However, it does not prove whether a reversal will occur in the next time cycle; it is only a probability. But it makes you profitable 80% of the time.
Regardless of the outcome, the candle formed on the day of the time cycle carries significant significance. The market respects this candle, whether it goes up or down, which is very important. Time Cycle often stops short near the candle. You will notice on the chart that it often looks like a support or resistance area.
Time Cycle candles also tell you about continuation or reversal, but you have to forgive the high and low of the candle formed in the time cycle.
You do not have to make any decisions yourself. This is its specialty.
Regardless of the outcome, the candle formed on the day of the time cycle carries significant significance. The market respects this candle, whether it goes up or down, which is very important. Time Cycle often stops short near the candle. You will notice on the chart that it often looks like a support or resistance area.
Time Cycle candles also tell you about continuation or reversal, but you have to forgive the high and low of the candle formed in the time cycle.
You do not have to make any decisions yourself. This is its specialty.
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免责声明
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.