Weekend Spike----Silver

This is about Charting and learning movements and using charting for designated prices. Movements either up or down with candlesticks will show spike levels ( usually a straight thin line ) above or below the candlestick. That is price movement in a shorter time period not long enough to establish a candle. Trading later on odds are the price will intersect with that level again. Knowing this helps with establishing a price target for selling or buying, or watching the higher highs and higher lows on the chart. Using these indicators also helps with decisions of holding a winner ( letting the profits ride ) even if the volatility of the stock is high ( Beta Level Rating ). Another thing, usually a trend movement will show and not be abrupt in a longer view scenario. Trends can be established by determining the spike levels either up or down with lower lows and lower highs or the opposite with a bullish movement. Videos on you-tube that I would recommend would be Ira Epstein and of course one of our own from the chat room which I provided with a link in an earlier post.