close" in the chart which may have been framed in 1 min, 5 min and
15 min (note there are other time frames in charts.)
The sample is in 15 min time frame chart.
Each candle represents price movement during 15 min time span.
The bottom of the surge is close $98 and the top of the surge
104.50. The profit spread is $6.50 per share.
The max profit be
$7,270 ( $30,000 x 4 = $120,000 / $103.91 = 1154 shares x $6.50 = $7,270)
where "/" = divide; 4 = leverage amount; 103.91 shares price shown in the chart.
Ripples consist of short term price volatility. (marked in circle)
Waves longer time and bigger price volatility spanning