{"id":69878,"date":"2020-09-09T23:17:44","date_gmt":"2020-09-09T15:17:44","guid":{"rendered":"https:\/\/nomoneylah.com\/?p=69878"},"modified":"2022-05-02T12:19:45","modified_gmt":"2022-05-02T04:19:45","slug":"understand-price-chart-in-3-mins","status":"publish","type":"post","link":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/","title":{"rendered":"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!)"},"content":{"rendered":"\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-663a3046f3f9c\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-663a3046f3f9c\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#How_to_Best_Consume_this_Post\" title=\"How to Best Consume this Post:\">How to Best Consume this Post:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#Part_1_How_does_the_Market_Work\" title=\"Part 1: How does the Market Work?\">Part 1: How does the Market Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#Part_2_Simple_%E2%80%93_Understand_Price_Chart_without_Indicators\" title=\"Part 2: Simple &#8211; Understand Price Chart without Indicators\">Part 2: Simple &#8211; Understand Price Chart without Indicators<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#Part_3_How_to_Use_This_Knowledge_to_Your_Favor\" title=\"Part 3: How to Use This Knowledge to Your Favor?\u00a0\">Part 3: How to Use This Knowledge to Your Favor?\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#No_Money_Lahs_Verdict\" title=\"No Money Lah\u2019s Verdict:\">No Money Lah\u2019s Verdict:<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Best_Consume_this_Post\"><\/span><span class=\"font-555555\"><strong>How to Best Consume this Post:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Focus on the headers and bold sentences. If you want to explore more, read the explanation that follows the bold sentences.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8212;<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Okayyyy the \u20183-mins\u2019 thingy may be kind of clickbait-ish, but I am sure this post is going to be very helpful to you. That said, the \u2018no indicators\u2019 part of this post is 100% true.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>This article is dedicated to friends &amp; readers that are new in the market and may find stock charts intimidating.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">First of all, unlike most charting books out there, I\u2019ll not ask you to memorize all the crazy chart\/candlestick patterns with ridiculous names.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Instead, let me use an example below to show you that you are already dealing with price charts everyday, even when you are not in the stock market.<\/span><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Part_1_How_does_the_Market_Work\"><\/span><span class=\"font-555555\">Part 1: How does the Market Work?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>First of all, I\u2019ll need you to remember one thing:<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>The market is always seeking value.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">This will make sense as you read through this article.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Next, let\u2019s answer this crazily simple question:<\/span><\/p>\r\n\r\n\r\n\r\n<pre class=\"wp-block-verse\"><span class=\"font-555555 font-500830\"><strong>Do You Know What Determines the Price of Bottled Water in the Marketplace?<\/strong><\/span><\/pre>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>Let\u2019s say the usual 500ml bottled water costs between RM0.80 \u2013 RM1.00. That\u2019s the price that we have gotten used to and let\u2019s call it the initial fair value range of a bottled water.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>Fair value is the price where most buyers and sellers agree to transact on.<\/strong> In other words, RM0.80 \u2013 RM1.00 is the range that the <em>majority<\/em> market participants agree on as a fair transaction.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<figure id=\"attachment_70224\" aria-describedby=\"caption-attachment-70224\" style=\"width: 1880px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/nottled-water.jpeg\"><img decoding=\"async\" class=\"wp-image-70224 size-full\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/nottled-water.jpeg\" alt=\"\" width=\"1880\" height=\"1053\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/nottled-water.jpeg 1600w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/nottled-water-300x168.jpeg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/nottled-water-1024x574.jpeg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/nottled-water-768x430.jpeg 768w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/nottled-water-1536x860.jpeg 1536w\" sizes=\"(max-width: 1880px) 100vw, 1880px\" \/><\/a><figcaption id=\"caption-attachment-70224\" class=\"wp-caption-text\">As you&#8217;ll find out, how a bottled water market works is surprisingly similar to how the financial market works.<\/figcaption><\/figure>\r\n<p><span class=\"font-500830\">Now, I am pretty sure you can recall water disruptions \u2013 it\u2019s no fun and causes a lot of trouble.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">The worst thing in these incidents, <em>assuming there\u2019s no price control<\/em>, is that the price of bottled water will go up in tandem with water disruptions.<\/span><\/p>\r\n\r\n\r\n\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-disruption-klang-valley1.jpg\"><img decoding=\"async\" width=\"1200\" height=\"700\" class=\"wp-image-69879 aligncenter\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-disruption-klang-valley1.jpg\" alt=\"\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-disruption-klang-valley1.jpg 1200w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-disruption-klang-valley1-300x175.jpg 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-disruption-klang-valley1-1024x597.jpg 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-disruption-klang-valley1-768x448.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/a><\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"font-500830\"><strong>So, WHAT caused the price of bottled water to go up in the marketplace during a water disruption?\u00a0<\/strong><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Most people would say that it\u2019s due to buyers more than sellers in the market (Buyers &gt; Sellers).\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">However, this is far from the truth because for every buyer there\u2019ll always be a seller (and vice versa) in the marketplace. <strong>Instead, the reason why bottled water increase in price is due to buyers being more aggressive than sellers in the market (Aggressive Buyers &gt; Aggressive Sellers).<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<pre class=\"wp-block-verse\"><span class=\"font-500830\"><strong>Understanding this seemingly minor difference is CRUCIAL.\u00a0<\/strong><\/span><\/pre>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>In this case <\/strong><em><strong>(refer figure below)<\/strong><\/em><strong>, buyers are way more eager to purchase bottled water below RM1.50, compared to the sellers that are willing to sell at price below RM1.50.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Hence, aggression from the buyers caused the available supply below RM1.50 (a.k.a. sellers that are willing to sell below RM1.50) to be cleared up extremely quickly \u2013 causing an imbalance state in the marketplace.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">This state of imbalance turns balanced at the value range of RM1.50 \u2013 RM1.70. Meaning, RM1.50 \u2013 RM1.70 is the fair value that most buyers AND sellers are willing to transact during a fundamental marketplace shift like a water disruption.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>In short, in this scenario of water disruption, the sellers are never lesser in number compared to the buyers. In fact, they exist, just that majority of them (the sellers) are only willing to transact at a higher value (RM1.50 \u2013 RM1.70).\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<figure id=\"attachment_70225\" aria-describedby=\"caption-attachment-70225\" style=\"width: 1350px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-2.png\"><img decoding=\"async\" class=\"wp-image-70225 size-full\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-2.png\" alt=\"\" width=\"1350\" height=\"749\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-2.png 1350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-2-300x166.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-2-1024x568.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-2-768x426.png 768w\" sizes=\"(max-width: 1350px) 100vw, 1350px\" \/><\/a><figcaption id=\"caption-attachment-70225\" class=\"wp-caption-text\">Price goes up because buyers are more aggressive than sellers. (Click image to enlarge)<\/figcaption><\/figure>\r\n<p><span class=\"font-500830\"><strong>The new fair value of RM1.50 \u2013 RM1.70 is where the MAJORITY buyers and sellers agree to be fair and are willing to transact for a bottled water with equal aggression.<\/strong><\/span><\/p>\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter\">\r\n<p>&nbsp;<\/p>\r\n<figure id=\"attachment_70226\" aria-describedby=\"caption-attachment-70226\" style=\"width: 1350px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-3.png\"><img decoding=\"async\" class=\"size-full wp-image-70226\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-3.png\" alt=\"\" width=\"1350\" height=\"749\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-3.png 1350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-3-300x166.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-3-1024x568.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-3-768x426.png 768w\" sizes=\"(max-width: 1350px) 100vw, 1350px\" \/><\/a><figcaption id=\"caption-attachment-70226\" class=\"wp-caption-text\">Fair value is achieved when the majority of buyers and sellers agree that a certain price range is the fair value to transact. (click image to enlarge)<\/figcaption><\/figure>\r\n<h3><strong style=\"font-family: 'Droid Serif';\">So, what\u2019ll happen when the government announces that the water disruption is resolved?<\/strong><\/h3>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">The price of bottled water will drop, this time sellers being more aggressive than buyers along with the drop. This will continue until a new fair value is achieved, where both parties are willing to transact with equal aggression.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>But the question now is, where\u2019s the most likely fair value of the bottled water now?<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Most probably nearby the prior fair value of RM0.80 \u2013 RM1.00, right?<\/span><\/p>\r\n<div class=\"wp-block-image\">\r\n<figure class=\"aligncenter\">\r\n<figure id=\"attachment_70227\" aria-describedby=\"caption-attachment-70227\" style=\"width: 1350px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market.png\"><img decoding=\"async\" class=\"size-full wp-image-70227\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market.png\" alt=\"\" width=\"1350\" height=\"749\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market.png 1350w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-300x166.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-1024x568.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-768x426.png 768w\" sizes=\"(max-width: 1350px) 100vw, 1350px\" \/><\/a><figcaption id=\"caption-attachment-70227\" class=\"wp-caption-text\">The market has the tendency to give precedent to prior fair value range\/area. (Click image to enlarge)<\/figcaption><\/figure>\r\n<p><span style=\"font-family: 'Droid Serif';\">What you\u2019ve read is part of what we called the <\/span><strong style=\"font-family: 'Droid Serif';\">Auction Market Theory <\/strong><span style=\"font-family: 'Droid Serif';\">(my simple summary, at least).<\/span><\/p>\r\n<\/figure>\r\n<\/div>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">While the financial market may be more complex than a bottled water market, the same concept still applies.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>If you understand the bottled water example, you are way closer to understand how a stock market price chart works than you think.<\/strong><\/span><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Part_2_Simple_%E2%80%93_Understand_Price_Chart_without_Indicators\"><\/span><span class=\"font-555555\"><strong>Part 2: Simple &#8211; Understand Price Chart without Indicators<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>Essentially, there are only 2 states in the market \u2013 balance and imbalance.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Again, just a quick reminder that the marketplace is constantly seeking value.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8212;<\/span><\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"font-500830\"><strong>What is a Balanced State?<\/strong><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>We are in a Balance State when the market is trading in fair value range<\/strong> (remember RM0.80 \u2013 RM1.00 for bottled water?), where buyers and sellers transact with equal aggression.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">At times, a balanced state is also known as a <em>corrective <\/em>pattern.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>A balanced price chart indicates that the majority of buyers and sellers are happy to transact around the range of price that is deemed fair at that moment in time.<\/strong> Value is formed and none is stronger than another in terms of aggression.<\/span><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"font-500830\"><strong>What is an Imbalance State?<\/strong><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>We are in an Imbalance State when the market is trading out of fair value.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">At times, an imbalance state is also known as an <em>impulsive or trending <\/em>pattern.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>Regardless, an imbalance state tells us that one side of the market participants is more aggressive than the other.\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Knowing this is extremely powerful, as this means that we can understand what the market is trying to convey to us without using any crazy hoo-haa indicators.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">The next chart image is going to show you how close of a resemblance the stock market is to the bottled water example:<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<figure id=\"attachment_70228\" aria-describedby=\"caption-attachment-70228\" style=\"width: 1459px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-4.png\"><img decoding=\"async\" class=\"wp-image-70228 size-full\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-4.png\" alt=\"\" width=\"1459\" height=\"976\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-4.png 1459w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-4-300x201.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-4-1024x685.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/water-crisis-market-4-768x514.png 768w\" sizes=\"(max-width: 1459px) 100vw, 1459px\" \/><\/a><figcaption id=\"caption-attachment-70228\" class=\"wp-caption-text\">Balanced &amp; Imbalance state highlighted in the KLCI Index. (Click image to enlarge)<\/figcaption><\/figure>\r\n<p><span class=\"font-500830\">In short, the market, regardless of everyday items or the financial market works in an auction process where its participants (buyers &amp; sellers) are constantly seeking value.<\/span><\/p>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Part_3_How_to_Use_This_Knowledge_to_Your_Favor\"><\/span><span class=\"font-555555\"><strong>Part 3: How to Use This Knowledge to Your Favor?\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Knowing how the market works (value-seeking via Auction Market Theory) and the 2 states of the market (balance &amp; imbalance) is important.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Here are 3 things, among all, that you can do with this understanding of the market:<\/span><\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"font-500830\"><strong>1.<\/strong> <strong>Identify the overall context and behavior of the market.<\/strong><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>A balanced market shows us that market participants (buyers &amp; sellers) are generally happy to be trading within the fair value.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Thus, we can expect them to keep doing so until there\u2019s a fundamental shift in the market (like the bottled water example).<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>An imbalanced market tells us that either the buyers or sellers are acting more aggressively than the other in the market.\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">This means that one side is in control until a fair value area is formed. Hence, generally, we should not try to go against the side that is in control of the market. (eg. Stay away when sellers are obviously too aggressive and show no sign of forming fair value)<\/span><\/p>\r\n<figure class=\"wp-block-image\"><\/figure>\r\n\r\n\r\n\r\n<figure id=\"attachment_70229\" aria-describedby=\"caption-attachment-70229\" style=\"width: 1459px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/air-asia.png\"><img decoding=\"async\" class=\"wp-image-70229 size-full\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/air-asia.png\" alt=\"\" width=\"1459\" height=\"916\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/air-asia.png 1459w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/air-asia-300x188.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/air-asia-1024x643.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/air-asia-768x482.png 768w\" sizes=\"(max-width: 1459px) 100vw, 1459px\" \/><\/a><figcaption id=\"caption-attachment-70229\" class=\"wp-caption-text\">Air Asia Bhd big picture market context. (Click image to enlarge)<\/figcaption><\/figure>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"font-500830\"><strong>2.<\/strong> <strong>Identify potential support &amp; resistance zone.<\/strong><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>A support zone in the market is where buyers are willing the absorb the aggression of the sellers in order to hold a certain price zone.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>A resistance zone is where sellers are willing to absorb the aggression of the buyers in order to hold a certain price zone.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Using the knowledge of auction market theory alongside balance\/imbalance state, we can identify potential support &amp; resistance in the market, as shown below:<\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<figure id=\"attachment_70230\" aria-describedby=\"caption-attachment-70230\" style=\"width: 1458px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/gold.png\"><img decoding=\"async\" class=\"size-full wp-image-70230\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/gold.png\" alt=\"\" width=\"1458\" height=\"916\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/gold.png 1458w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/gold-300x188.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/gold-1024x643.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/gold-768x483.png 768w\" sizes=\"(max-width: 1458px) 100vw, 1458px\" \/><\/a><figcaption id=\"caption-attachment-70230\" class=\"wp-caption-text\"><a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2019\/11\/22\/gold-investment\/\">Gold<\/a>: Balanced state forms solid resistance. (Click image to enlarge)<\/figcaption><\/figure>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h3 class=\"wp-block-heading\"><span class=\"font-500830\"><strong>3. Identify potential entry &amp; exit opportunities.<\/strong><\/span><\/h3>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Since the market will only behave in 2 states, ie. balance, and imbalance, this enables both longer-term investors and short-term traders to identify potential entry &amp; exit opportunities:<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>Essentially, opportunities occur when (1) value moves away from balance to imbalance, or (2) when the value goes towards the edge of fair value in a balanced state:<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n\r\n\r\n<figure id=\"attachment_70231\" aria-describedby=\"caption-attachment-70231\" style=\"width: 1458px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/bitcoin.png\"><img decoding=\"async\" class=\"size-full wp-image-70231\" src=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/bitcoin.png\" alt=\"\" width=\"1458\" height=\"916\" srcset=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/bitcoin.png 1458w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/bitcoin-300x188.png 300w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/bitcoin-1024x643.png 1024w, https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/bitcoin-768x483.png 768w\" sizes=\"(max-width: 1458px) 100vw, 1458px\" \/><\/a><figcaption id=\"caption-attachment-70231\" class=\"wp-caption-text\">Opportunities arise when the market goes from balance to imbalance (pic: <a title=\"\" class=\"aalmanual\" href=\"https:\/\/nomoneylah.com\/2020\/12\/16\/intro-to-bitcoin\/\">Bitcoin<\/a>). Click image to enlarge.<\/figcaption><\/figure>\r\n<hr class=\"wp-block-separator is-style-dots\" \/>\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"No_Money_Lahs_Verdict\"><\/span><span class=\"font-555555\"><strong>No Money Lah\u2019s Verdict:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">Hopefully this article has been helpful and insightful to you!<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>At the end of the day, what I am trying to point out is that the chart is not intimidating. It is merely telling us what the market participants (buyers &amp; sellers) are trying to do and behave.<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">With practice, anyone can use a pure price chart to their advantage to understand market behavior to a large extent.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\"><strong>That said, it should be noted that the Auction Market Theory is not the perfect holy grail to start milking money off the market.\u00a0<\/strong><\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">It tells us how the market works, but it does not dive into details like volume and detailed price action structures. These are also crucial pieces of puzzles in a decision-making process, especially in deciding entry &amp; exit, targets, and stops.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">However, those are for future discussions and I believe this article serves as a good guide for anyone interested to learn more about charts.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span class=\"font-500830\">&#8212;<\/span><\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><span class=\"font-500830\">How do you like this article? Do you have any burning questions to ask? Share with me at the comment section below! \ud83d\ude42<\/span><\/h4>\r\n\r\n\r\n<hr class=\"wp-block-separator is-style-default\" \/>\r\n\r\n\r\n<p><span class=\"font-500830\"><em>Disclaimer: This article is written with my best understanding of the Auction Market Theory &amp; price chart, and should not be seen as a buy\/sell recommendation. Seek a licensed financial planner before making any investment decision.\u00a0<\/em><\/span><\/p>\r\n\r\n\r\n\r\n<p>&#8212;<\/p>\r\n\r\n\r\n\r\n<h4 class=\"wp-block-heading\"><span class=\"font-500830\"><strong>Resources: <\/strong><\/span><\/h4>\r\n<ol>\r\n<li><span class=\"font-151730\">Auction Market Theory: <a href=\"https:\/\/www.youtube.com\/watch?v=y-0k8PaFYPM\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.youtube.com\/watch?v=y-0k8PaFYPM<\/a><\/span><\/li>\r\n<li><span class=\"font-555555\">What Causes the Market to Move: <a href=\"https:\/\/ftmo.com\/en\/what-causes-markets-to-move-and-how-you-can-profit-on-it\/\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/ftmo.com\/en\/what-causes-markets-to-move-and-how-you-can-profit-on-it\/<\/a><\/span><\/li>\r\n<\/ol>\r\n","protected":false},"excerpt":{"rendered":"<p>How to Best Consume this Post: Focus on the headers and bold sentences. If you want to explore more, read [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":69890,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[333,17,18],"tags":[367,155,260,261,262,300],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.6 (Yoast SEO v22.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Simple: Understand Price Chart in 3 Mins (No Indicators Needed!) - No Money Lah<\/title>\n<meta name=\"description\" content=\"In short, chart is not intimidating. It is merely telling us what the market participants (buyers &amp; sellers) are trying to do and behave.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!)\" \/>\n<meta property=\"og:description\" content=\"In short, chart is not intimidating. It is merely telling us what the market participants (buyers &amp; sellers) are trying to do and behave.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/\" \/>\n<meta property=\"og:site_name\" content=\"No Money Lah\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-09T15:17:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-05-02T04:19:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Chin Yi Xuan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chin Yi Xuan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/\"},\"author\":{\"name\":\"Chin Yi Xuan\",\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"headline\":\"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!)\",\"datePublished\":\"2020-09-09T15:17:44+00:00\",\"dateModified\":\"2022-05-02T04:19:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/\"},\"wordCount\":1693,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"image\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png\",\"keywords\":[\"charting\",\"trading\",\"auction market theory\",\"price action\",\"technical analysis\",\"tradingview\"],\"articleSection\":[\"Investing\",\"Trading\",\"How-To...\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/\",\"url\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/\",\"name\":\"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!) - No Money Lah\",\"isPartOf\":{\"@id\":\"https:\/\/nomoneylah.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png\",\"datePublished\":\"2020-09-09T15:17:44+00:00\",\"dateModified\":\"2022-05-02T04:19:45+00:00\",\"description\":\"In short, chart is not intimidating. It is merely telling us what the market participants (buyers & sellers) are trying to do and behave.\",\"breadcrumb\":{\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage\",\"url\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png\",\"contentUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png\",\"width\":1600,\"height\":800},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nomoneylah.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nomoneylah.com\/#website\",\"url\":\"https:\/\/nomoneylah.com\/\",\"name\":\"No Money Lah\",\"description\":\"Taking Adulthood Head-On!\",\"publisher\":{\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nomoneylah.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98\",\"name\":\"Chin Yi Xuan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg\",\"contentUrl\":\"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg\",\"width\":1080,\"height\":1350,\"caption\":\"Chin Yi Xuan\"},\"logo\":{\"@id\":\"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/\"},\"description\":\"Hi there! I am Yi Xuan. I am a writer, personal finance &amp; REIT enthusiast, and a developing trader with the goal to become a full-time funded trader. Every week, I write about my personal learnings &amp; discovery about life, money, and the market.\",\"url\":\"https:\/\/nomoneylah.com\/author\/chinyixuan\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!) - No Money Lah","description":"In short, chart is not intimidating. It is merely telling us what the market participants (buyers & sellers) are trying to do and behave.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/","og_locale":"en_US","og_type":"article","og_title":"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!)","og_description":"In short, chart is not intimidating. It is merely telling us what the market participants (buyers & sellers) are trying to do and behave.","og_url":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/","og_site_name":"No Money Lah","article_published_time":"2020-09-09T15:17:44+00:00","article_modified_time":"2022-05-02T04:19:45+00:00","og_image":[{"width":1600,"height":800,"url":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART.png","type":"image\/png"}],"author":"Chin Yi Xuan","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Chin Yi Xuan","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#article","isPartOf":{"@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/"},"author":{"name":"Chin Yi Xuan","@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98"},"headline":"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!)","datePublished":"2020-09-09T15:17:44+00:00","dateModified":"2022-05-02T04:19:45+00:00","mainEntityOfPage":{"@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/"},"wordCount":1693,"commentCount":2,"publisher":{"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98"},"image":{"@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage"},"thumbnailUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png","keywords":["charting","trading","auction market theory","price action","technical analysis","tradingview"],"articleSection":["Investing","Trading","How-To..."],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/","url":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/","name":"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!) - No Money Lah","isPartOf":{"@id":"https:\/\/nomoneylah.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage"},"image":{"@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage"},"thumbnailUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png","datePublished":"2020-09-09T15:17:44+00:00","dateModified":"2022-05-02T04:19:45+00:00","description":"In short, chart is not intimidating. It is merely telling us what the market participants (buyers & sellers) are trying to do and behave.","breadcrumb":{"@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#primaryimage","url":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png","contentUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/09\/UNDERSTAND-PRICE-CHART-2-1.png","width":1600,"height":800},{"@type":"BreadcrumbList","@id":"https:\/\/nomoneylah.com\/2020\/09\/09\/understand-price-chart-in-3-mins\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nomoneylah.com\/"},{"@type":"ListItem","position":2,"name":"Simple: Understand Price Chart in 3 Mins (No Indicators Needed!)"}]},{"@type":"WebSite","@id":"https:\/\/nomoneylah.com\/#website","url":"https:\/\/nomoneylah.com\/","name":"No Money Lah","description":"Taking Adulthood Head-On!","publisher":{"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nomoneylah.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/0a240fe70ae67be73c1ebd53501f2f98","name":"Chin Yi Xuan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/","url":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg","contentUrl":"https:\/\/nomoneylah.com\/wp-content\/uploads\/2020\/08\/DSC04263-Edit.jpg","width":1080,"height":1350,"caption":"Chin Yi Xuan"},"logo":{"@id":"https:\/\/nomoneylah.com\/#\/schema\/person\/image\/"},"description":"Hi there! I am Yi Xuan. I am a writer, personal finance &amp; REIT enthusiast, and a developing trader with the goal to become a full-time funded trader. Every week, I write about my personal learnings &amp; discovery about life, money, and the market.","url":"https:\/\/nomoneylah.com\/author\/chinyixuan\/"}]}},"modified_by":"Chin Yi Xuan","_links":{"self":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts\/69878"}],"collection":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/comments?post=69878"}],"version-history":[{"count":1,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts\/69878\/revisions"}],"predecessor-version":[{"id":72813,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/posts\/69878\/revisions\/72813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/media\/69890"}],"wp:attachment":[{"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/media?parent=69878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/categories?post=69878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nomoneylah.com\/wp-json\/wp\/v2\/tags?post=69878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}