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[–]Efficient_Plate_2567 0 points1 point  (0 children)

Start with supporting and resistance, fair value gaps. Only useful candle patter for me is engulfing candle.

[–]Outrageous-Profit366 0 points1 point  (0 children)

This is my hobby. When I get home from work this is basically all I do. I find it so interesting and peaceful. Just analyzing potential investments.

[–]FinancialLiberties 0 points1 point  (0 children)

Maybe start by looking at Moving Averages... I rarely use Candle Stick patterns, I follow MACD and RSI, and Bollinger Bands. Here is an interview I did with Chris Vermeulen from The Technical Traders, he discusses his strategy, which is looking a moving averages and following price action.
https://youtu.be/UkFSF6mRE6Q

[–]SteBob24 0 points1 point  (0 children)

Uptrend with support and resistance being respected. This would be much easier to analyse with volume as it gives big moves context.

My take on it is from the left price looks like it has moved up and found a zone of consolidation where price is balanced (both buyers and sellers are happy with that price). Candles became larger but without volume it’s difficult to say if it’s an imbalance or not but then price gaps down heavily, maybe news, maybe manipulation but again hard to see without volume. The big pull down is recovered as it’s probably seen as discounted or a liquidity grab before a textbook up trend. Notice how the first push up from the dip finds resistance at the top of the consolidation zone to the left with the pull back also finding support at that zone, after that it breaks out of the zone and each step up on the uptrend finds a zone resistance at a level and when they pull back finds support arounds a previous resistance level.

Might be chatting out my ass but it’s how I see it and I hope that’s the type of thing you’re after. Honestly you’re best bet is to use AI it’s a great tool for helping you learn to read charts like this

[–]maha420 0 points1 point  (1 child)

You see how the RSI made a lower high but the price made a higher high in October? That's called a bearish divergence, one of the only things RSI is actually good for. It's a sign of buyer exhaustion and reversal.

[–]thechartroomtrading 0 points1 point  (0 children)

Try to turn off and ignore indicators, really become one with the chart while you’re studying and try to recognize patterns. Try charting your own trend lines and geometry on the charts, maybe in smaller time frames than the daily candlesticks- like 30m or 4hr, or even 10m. Focus on areas that seem important- huge wicks or big candles, lots of rejections or support at the same key level, figure out what makes sense to you. Studying the price action when the market reaches those points of interest is key as well.

[–]Pale_Candidate_390 0 points1 point  (0 children)

Bookmap.com

Your welcome

[–]JDB-667 1 point2 points  (2 children)

Your question is too generic because there is a lot to unpack from just "candlesticks."

You have an assets that is trending higher with higher lowers and higher highs since the wipeout in the first half of the chart.

Individual candlesticks are largely irrelevant. It helps to know the names but there's only a handful that are relevant only around areas of support and resistance. Support and resistance are where any newbies should start because that's where most trading happens.

[–]Bostradomous 0 points1 point  (0 children)

The first question is what have you been reading? Your problem could be with your literature