Candles
A candle noticeably larger than those before it, usually marking new momentum entering the market.
Expansion usually marks new participation arriving: a data release, a session open, or a level giving way. The price where the expansion began often matters again later.
It says nothing about direction continuing. What it marks is that the range has changed, which is a reason to re-read the chart rather than to act.
Also called: breakout candle.
Taught in
Momentum and TrendCandle AnatomyRead a short run of candles together to spot trends accelerating, fading, or breaking out.
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