What's the most important chart you're looking at right now?
One chart, one insight. Post the chart you're watching most closely — described in words — and why it matters for your trading.
Format:
- the instrument and time frame
- what the chart is showing
- what it would have to do to change your view
The candlestick guide supplies the description vocabulary.
Background: How to read candlestick charts
Candlesticks pack four prices into one shape. How to read the body and wicks, what timeframes mean and why single patterns are weaker than they look.
What do the wicks on a candlestick mean?
The wicks show the highest and lowest prices reached during the period. A long wick shows that the price moved there but was pushed back before the candle closed.
Are candlestick patterns reliable?
Not on their own. They are more meaningful at important price levels and on higher timeframes, and they should be combined with a clear plan for risk.
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