OHLC - OPEN HIGH LOW CLOSE

Assumptions of TA

• Market discounts everything
• The 'how' is more important than the 'why'
• Price move in trend
• History tends to repeat itself

Bar chart -

• Red bar is OPEN>CLOSE (BEAR MARKET)
• Blue bar is CLOSE>OPEN (BULL MARKET)

Japanese Candlestick charts

Candlestick assumptions

• Buy strength & Sell weakness
• Be flexible with patterns (quantify and verify)
• Look for a prior trend

Long v/s Short