When a whale comes along and goes gulp wiping a line, there’s no indication for that.
You just need to follow momentum which turned positive last week.
Try sticking an 8 and 20ema’s on you chart and while the 8 is above the 20, all is good.
If the 8 takes a dive and wants to cross below the 20, assume the fetal position and pray.
But seriously intraday day stuff I recommend switching to smaller time frame charts. The 15, 30 and 1 hour give a great overview of momentum/ direction.
But to answer your question yes the candles tell us plenty in readers to buying or selling and strength but intraday it’s by smaller time frames. Volume is also so important.
Just my opinion, others do it differently and may want to chime in which would be good.
I wish there was a “whale” indicator but haven’t seen one yet.
cheers
IMUGENE CHART. TA only, page-22753
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Mkt cap ! $417.2M |
Open | High | Low | Value | Volume |
5.5¢ | 5.8¢ | 5.2¢ | $2.499M | 45.00M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1921794 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 1368288 | 7 |
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No. | Vol. | Price($) |
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5 | 286362 | 0.055 |
9 | 2036888 | 0.054 |
16 | 2736044 | 0.053 |
20 | 1943436 | 0.052 |
23 | 3206056 | 0.051 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 378902 | 2 |
0.058 | 1552127 | 7 |
0.059 | 837099 | 8 |
0.060 | 2176188 | 16 |
0.061 | 1163926 | 6 |
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