What Candlestick don�t tell you?

Finwingsacademy28 Apr, 2022Education

Candlesticks do not reflect the sequence of events between the open and close, only the relationship between the open and the close. The high and the low are obvious and indisputable, but candlesticks (and bar charts) cannot tell us which came first. With a combination of different candlesticks, we can get to know the dominance of Buyers/Sellers. The candlestick patterns give a complete path, whether the buyers dominated first or the sellers and accordingly we can enter the trade.