Question 1

What does the Open=High pattern indicate?

Accepted Answer

It suggests strong bullish momentum, as the stock price never traded below its opening price during the session.

Question 2

Why is a Doji candle significant?

Accepted Answer

A Doji represents market indecision where open and close are virtually equal, often signaling a potential trend reversal.

Question 3

How is the Candle Range % calculated?

Accepted Answer

It measures the difference between the high and low prices as a percentage of the opening price.

Question 4

Can I use this for intraday trading?

Accepted Answer

Yes, these patterns are based on daily price action and are commonly used to identify short-term entry or exit points.