In this #5paisaMasterClass Technical Analysis Part - 4, we covered High Wave Candlestick. Dr. Sangeeta Wats, Associate Professor, NMIMS explained the concept and how it works. Watch it! To watch in Hindi, click here: https://www.youtube.com/watch?v=71tcs... What is a High Wave Candle? The High Wave is a special kind of spinning top basic candle with one or two very long shadows. The High Wave is similar to the Long-Legged Doji. Like many other candles with very long shadows, High Wave indicates that market fluctuations are very rapid, which may represent a threat to the current trend. How Does a High Wave Candlestick Work? High wave candlesticks portray situations where the market is having difficulty coming to a consensus on a security's value. They are indicative of a market in which uncertainty and indecision prevail. Neither the buyers nor the sellers have a clear sense of which direction the market will head. The forces of supply and demand are equally balanced. If a high wave candle occurs on high volume, then it indicates the market's general confusion about the direction prices are headed. Why Does a High Wave Candlestick Matters? The high wave candle expresses doubt and confusion on the part of the market. Until the situation becomes clear, traders should emphasize careful stock selection and minimize position size. To learn Technical Analysis from basic, watch - Masterclass by 5paisa School playlist https://www.youtube.com/playlist?list... To learn market, join 5paisa School: https://school.5paisa.com To Download 5paisa School App, click here: https://bit.ly/2H2Ch1b To open a Demat Account with 5paisa: https://bit.ly/3lM2BwC, Or Simply download 5paisa Trading App: http://m.onelink.me/e6cc12fc For more information, visit our website: https://www.5paisa.com