Trader Ansem: After confirming the direction, lower timeframe price action can be used to identify entry opportunities.
on November 3, 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.