Comment on Single Candlestick patterns (Part 1)

Bibhudatta Mishra commented on 08 Feb 2018, 04:54 PM

Hi Karthik,

I have a doubt on the length of the candles.

In the trade trap, you suggested not to trade when a candle is too short (below 1% range) or too long (above 10% range)

I want to understand how do we calculate these percentages?
For example let’s consider on any particular day for a particular stock, open price was 350 and close price was 360, and for simplicity let’s us consider it was a bullish marubuzo.
So is it a long candle (Above 10%) or a short candle (Below 1%)?

Thanks in advance

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