Understanding Renko Charts
Renko Fast Market Charts And Renko Brick Speed
Renko fast market charts are characterized by the rapid speed and formation of Renko bricks, where they are essentially formed simultaneously. The Renko bricks speed is so fast you are presented with an untradeable situation and one that should be avoided when possible. Candlestick timeframe charts are not an alternative that will help you to trade this increased volatility and price movement.
When you see a Renko fast market chart, don’t rush in to begin trading again. Instead, focus on reading your Renko charts for a return of more typical brick speed and price movement. This would indicate that the conditions for the fast market are ‘in the market’.