estimate liquid net worth - * **Iterate and Refine:** Don't be afraid to try multiple times. If your first attempt isn't perfect, tweak the prompt and try again. Each iteration can bring you closer to the desired outcome. Remember, it's a collaborative process between you and the AI.
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Once you've got that **IWTI crude oil chart up on TradingView**, you'll see a whole lot of information. Let's break down the essential elements you need to focus on. First off, you have the **price action** itself. This is usually displayed as candlesticks (my personal favorite, guys!), but you can also choose bar charts or line charts. Candlesticks are fantastic because each one tells a story about a specific period – the open, high, low, and close (OHLC) prices. A green or white candle typically means the price closed higher than it opened, while a red or black candle means it closed lower. The longer the body, the bigger the price move; the wicks (or shadows) show the extreme highs and lows reached during that period. This visual representation of price movement is the foundation of technical analysis. You'll also see the **time axis** (usually at the bottom), showing you the periods you're looking at – minutes, hours, days, weeks, or months. This allows you to zoom in on short-term fluctuations or zoom out for long-term trend analysis. The **volume bars** are often displayed below the main price chart. Volume represents the number of contracts traded during a specific period. High volume accompanying a price move can suggest that the move is strong and has conviction behind it. Conversely, a price move on low volume might be less reliable. Understanding volume helps you gauge the strength and legitimacy of price trends. Don't underestimate the power of volume; it's a critical confirmation tool. Next up are the **indicators and drawing tools**. TradingView offers a vast library of technical indicators. For crude oil trading, some popular ones include:
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