Member Since June 2024
Member Since June 2024
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I am an educationist and I will guide you accordingly on matters related to social life, financial knowledge, psychology and depression.

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Price momentum.

Price momentum is an approximation of the strength of a price move. The longer the body of a candlestick, the stronger the real momentum, and the shorter the body of the candlestick the weaker the momentum. The longer the shadow of the candlestick the weaker the momentum. Long shadows tell us that the market price did not move strongly in one direction.When price momentum is strong, the market price is more likely to continue moving in the same direction. When a high impact economic indicator is realesed, the market price can move with strong momentum in both directions in succession.

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