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Trader Ansem: After confirming the direction, lower timeframe price action can be used to identify entry opportunities.

Nov 3, 10:21

On November 3 that according to trader Ansem, understanding how higher timeframe candlesticks form on lower timeframes is an important skill in trading. A candlestick may remain within the range of the previous one or break out upward or downward.

He notes that once a directional bias forms, he monitors the formation of higher timeframe candlesticks through lower timeframe price action, seeking entry opportunities before they close. For instance, a daily candlestick with a long lower wick indicates that prices dipped earlier before being driven back up by buying pressure.

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