Post of the Day: Support, Resistance and Candlesticks.

Power Course Instructor’s Response:

Keep in mind that the reading of candlestick charts has often been referred to as being “more art than science”.The lines can go through the wicks but not through the bodies of candles themselves. Once a candle body closes below support or above resistance, those S/R levels would be negated.The same will hold true with channel lines and trend-lines.