Price Action

What a Candle Says

A candlestick is four numbers and a summary of an argument. This paper draws the vocabulary properly — the single shapes, the two- and three-candle patterns — and then asks the question most guides skip: what is a pattern actually evidence of? The answer turns on two things the shape cannot carry, location and timeframe, and on a test you can run yourself in an afternoon. It ends with how to build a rule around a candle rather than a feeling.

Difficulty

Beginner

Reading time

34 min

Pages

21