SilenceStorm
Wed Dec 04 2024
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5 answers
1271
What is the 5 candle rule in trading?
The 5 candle rule in trading is a technical analysis technique that involves observing the price action of a security over a specific time frame, typically represented by five candlestick charts. This rule aims to identify patterns or trends in the price movement, such as reversals or continuations, based on the analysis of these five candles. Traders use this rule to make informed decisions on when to enter or exit a trade, with the goal of maximizing profits and minimizing risks.
Caterina
Tue Dec 03 2024
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5 answers
1293
What is the 5 candle rule?
The 5 candle rule, also known as the 5-second rule, is a popular belief that food dropped on the floor is SAFE to eat if picked up within five seconds. However, the rule's validity has been debated, with studies showing that the longer food remains on the floor, the greater the risk of contamination by bacteria. The type of flooring also affects the likelihood of bacteria transfer.
