[00:02] to open your manual.  I am Lis. And I am Ricardo.  Have you ever felt candlesticks? Like a Mexican soap opera, a drama with every Exactly.  Today we're going to simplify things, we're going to talk about line graphs.  It helps to
[00:17] identify trends, support, and resistance levels in a much clearer and simpler way.  Only the juice of the grape of trading, only the essentials, without that pulp that is the shadows and without any drama, because candles can shout and
[00:33] lines whisper.  While candlesticks show interday details, the line chart gives us an overview of the closing price. It's like listening to a summary of a meeting instead of having to listen to every
[00:46] simple and straightforward. For example, how do we now For example, how do we now directly refer to the jingle?
[01:01] point represents the closing price of a period, and the line connects each of For example, if the price closed at 100, 105, 103, or 108, the line will show
[01:13] that continuously.  Now, when it comes to candlesticks, well, that's where the drama begins, there's a lot left over, a lot to analyze.  Line charts help identify long-term trends, market. If you don't want to freak out over a brief
[01:27] movement of a point, well, the line is yours, okay?  But when should you use a line graph?  Ideally, you should use a asset or to compare assets side-by-side without getting
[01:41] overwhelmed by different candlestick patterns, like a performance ranking.  It also serves to confirm whether the entry or exit signal in the candle is shown in the line chart. The line will make visible the pattern of
[01:55] increasing highs and lows.  It's like seeing the trail of breadcrumbs on a chart showing you the path you should follow, without getting lost, obviously, in the In other words, if you want to see a clear and objective direction, you should use a
[02:09] line graph.  It's because we leave the drama to the soap operas; we want clarity and Beauty?  Now, let's talk about profit, so I'm going to show you how we can line chart here and visualize it in a slightly simpler way, drawing
[02:23] support, resistance, and everything else.  I'm here in the daily time slot, right, of the mini index.  So, we come up here, where it says automatic, we where it says automatic, we click on it and it comes up here, in line.
[02:35] I, personally, don't like to picture him that way.  I prefer to click here again and choose "mountain" because it gives this slight shading here that, for me, better differentiates the colors and everything else; I can visualize it better, but it
[02:49] 's up to you, right?  It's also possible to edit that line, change the color and everything do that right now.  So what do I do?  I'm going to zoom out completely.  Why? Because I'm on the daily chart, right? Ideal for us to be able to identify
[03:03] important support and resistance levels, right? And that might be a strong support in the future as well.  So, to draw the map, what did we do?  So, we zoomed out and came here, we found where the zones were, right?  In reality, it's never
[03:16] a fixed price, is it?  It's a mess, isn't it?  If you think about it, ideally you should form a rectangle here so you can stay alert.  So, what do I like to do?  Besides drawing rectangles, right?  I could also do that,
[03:31] just to avoid cluttering the chart so much, by adding some thicker lines, maybe even more, like five pixels, because I know that since it's a daily period I'm marking, almost an annual one, right?  And to continue doing that.
[03:44] So why did I mark it here?  Here he went, look, there was very strong resistance here, he broke through, he came back, and there was new resistance back here.  That was in new resistance back here.  That was in 2018, right?  2017 here, 2018 here.  Well, it was useless during
[03:58] the pandemic, and all that.  It has already served as a joke here, which is what I said, about the zone, right?  It's not just a line, it's not an exact point, it's a zone.  And here too, he was
[04:13] playing around quite a bit, look.  Here he almost turned back into a support here.  This support here , in case the mini-index decides to return here, could be a pullback point and it could start rising again.  So that's an important point.  So, stop, stop, stop,
[04:27] stop, stop.  If you're enjoying this explanation, you already know what to do: give it a like, subscribe to our channel, comment if you have any questions so far, go to our Instagram , send us a message if
[04:42] needed, follow us on Instagram for more tips, and let's continue with the Here during the pandemic I'll schedule it, but it was a special case, right?  So what else can we score, what other points can we mark?  This one here, another
[04:56] resistance up here, if we look further ahead, also served as a resistance point for other resistance points here.  So it's an important resistance.  Let's go up a little higher here.  Another one that covered a little more of
[05:10] this region here.  And to finish, of course, the maxims mentioned above, right? These are the longest ones, right?  Supports with longer resistance.  So what are we going to do now?  Let's move a little closer here, it's going to be
[05:23] something more recent, 2025 onwards. So let's put the 1-hour chart here , shall we?  Better known as 60 minutes. And now on the 1-hour chart, we're looking at some
[05:38] more recent resistance levels, right?  Here, look, this is a region where we noticed that it's a recent addition, but because of that we can either leave it a different color or make it a little thinner so you don't confuse a stronger coil with
[05:51] a lighter one, right?  Putting it here was also a lighter one, right?  Putting it here was also a resistance, which is to zoom out a little, and as we had also talked about the issue of
[06:04] can see here that there is an upward trend.  There was an upward trend.  There was an upward trend here, starting right here.  I think centered line.  Let's double-click here and add a
[06:20] center line to the appearance. And look, we see that it's following this trend quite well here, it peaked much higher recently, in January and February, and it's returned to this upward trend.
[06:35] And so, with that, we can also more easily trace this type of trend by looking at the .  And of course, we can trace a slightly more recent trend, which in this case would be
[06:47] slightly more recent trend, which in this case would be , uh, this downward trend.  So, we can draw these lines on the graph, making it much easier to visualize.  And now we go back to our traditional candlestick.  And with a
[07:01] traditional candlestick pattern, you can better understand what might happen. can see that in the future there might be some very strong support here, which is the central line of this upward trend and could also
[07:15] be, as we've drawn here, a very strong support region.  So here, the price might pull back and then rise again. That's what line charts are for—to help you better understand how to visualize the chart, and then you can
[07:30] use all your strategies, okay?   The strategy we presented to you in a clearer way allows you to understand what might happen in the future.  Now let 's look at the limitations of the
[07:43] line graph.  He's not going to show maxima, he's not going to show minima, and much less the miss some intraday signals.  In other words scalping with 1-minute candles, the line won't help you,
[07:56] but it's perfect for an overview, trends, and drawing support and resistance levels to complement your candlestick strategy. It's like, for example, looking at a movie synopsis.  It might help you
[08:08] understand the story, but it will make you miss the epic and important scenes.
[08:22] Combine lines with candles, and that way you can confirm the market's direction. And of course, always use the simulator. After you've practiced well and know very well how to use it, and you're not losing money on the simulator, then you can
[08:36] start small, in real life, and you'll start making money little by little.  And remember, line charts don't create drama, but they can certainly cause you to lose money gradually.  Pay close attention. So, if this video helped you, smash that
[08:50] like button and subscribe to our channel to help you on your journey to becoming a consistent trader with excellent risk management. And for that, you need to watch this video here about risk management
[09:04] so you can fully understand what we're talking about.  And finally, until we're talking about.  And finally, until next time.