3Min Technical Analysis Charts

Some traders use the 3 minute time frame or the 3Min Technical Analysis Charts because it is in fact part of the Fibonacci family.
We will be discussing Fibonacci later on in our course, however, for now; all you need to know about it is that the Fibonacci sequence proceeds like this.

1,3,5,8, 13...

So for the traders that are serious Fibonacci subscribers, when completing technical analysis of stock trends, they will select chart time frames in the Fibonacci sequence.

The bars on the 3Min Technical Analysis Charts trades for only a minute more than the 2 min chart. Most of the action which took place on the 2 minute chart can be seen on the 3 min chart.

An interesting part of technical chart analysis, is watching a candlestick form. Beginner stock market traders and stock market investors, who are actively trading the market, usually do not realize how a candlestick forms.

One of the biggest stock trading mistakes that stock market investors or day traders make is that they fail to wait for the candlestick to finish trading in the given timeframe.

As soon as they see a candle turn a different color within the time frame that they watching the stock, they exit the trade or add more shares without seeing the end result of the candle.

Stock market trading tips: Always wait for the candlestick to finish its formation, then decide whether that move will yield profits or not. Do not repeat the same mistake that many beginner stock market investors and day traders make.

Some traders have not mastered the art of sitting and watching their candles complete and having confidence in the fact that whatever time frame they have chosen to trade, they have to adhere to the candle forming in that time

If one of your day trading rules is to trade the 3Min Technical Analysis Charts, make sure that when you enter a trade, you let the candle finish its course. This will take 3 minutes for 1 candle to form.

Whether the candle turns red, or green during that time period, you have to have the conviction to stick to your entry point and let the candle wiggle and jiggle as it forming.

Stock market trading tips: if you have entered in a trade and the trade immediately fails, don’t wait for the trade to completely collapse before you exit your trade.

After completing thorough technical analysis of the stock trends and your trade fails to produce profits it may be because of one of the following reasons:

1. You have entered the trade too early.
2. The stock is not ready to move. There are not enough institutional buyers or sellers to produce that big move.
3. You have chosen to trade during a time which does not count as normal market conditions.

Either way, if your stock violates one or all of your stock trading rules and collapses when you enter the trade, get out! You don’t have to wait for the 2 or 3 min chart to confirm that you are wrong.

Later on in our lessons we are going to discuss a solid trading strategy, where we will teach you the beginning stock trader, where you should take your entries, so you don’t have to bail out of your trades and can have the confidence to know that you can wait for the candle in your chosen time frame to complete its formation.

• Stock Market for Beginners: Stock Market Timeline 1 Min Chart
• Stock Market for Beginners: 2 Minute Stock Market Time Frame
• Stock Market for Beginners: 3Min Technical Analysis Charts
• Stock Market for Beginners: 5 Minute Time Frame
• Stock Market for Beginners: 15 Minute Stock Market Time Frame
• Stock Market for Beginners: 60 Minute Stock Market Time Frame
• Stock Market for Beginners: Daily Minute Stock Market Time Frame