Thank youuu Clear! Definitely! I also try to look at the historical price movement when trying to make sense of candlesticks. I guess what I’m most unsure of is just how far back I’d have to check out to get enough context.
Will you trade this off the daily or get into a lower time frame?
Can you share more on this? Is this like where piece is in relation to other market structures? Or around support and resistance levels?
Daily. I almost never look at or trade off intra-day time-frames.
Yes if your in a buy trade
And you see 5 green candles on 15 min chart it’s a reversal signal
ANd 8 green candies can do it too
For direction if your in a buy
You would look for 5 red candle pattern
And 4 green candle pattern
4 candle pattern is the trend
All on 15 min chart
Candlestick patterns can be useful, but they work best alongside other indicators and market context for a stronger strategy.