Glossary › location
Trading glossary · candles
location
Where a signal shows up on the chart, like at a floor or a ceiling. The same shape can mean different things in different places.
The fuller meaning
Where a candle or pattern forms relative to trend and key levels. Location changes meaning: the same shape is a hammer after a fall and a hanging man after a rise, and signals at support, resistance or round numbers carry more weight than those in the middle of a range.
location.
Related words
bearish · bearish engulfing · bearish harami · bearish marubozu · body · bullish · bullish engulfing · bullish harami · bullish marubozu · candlestick