Charts & Candlesticks

Timeframes, candle anatomy and the patterns worth knowing.

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1. 00:00Charts & Candlesticks. Timeframes, candle anatomy and the patterns worth knowing.
2. 00:05A candlestick shows four prices for its period: open, high, low, close.
3. 00:10The body is open-to-close; the wicks are the extremes.
4. 00:15Bullish candles close above their open, bearish candles below.
5. 00:20Reference table: Pattern, Type, Meaning.
6. 00:25Timeframes stack: use a higher timeframe (D1/H4) for direction, a mid timeframe (H1) for structure and a lower timeframe (M15/M5) for entry timing.
7. 00:34Signals from higher timeframes outrank lower ones.
8. 00:39Note: One candle is never a trade. Patterns matter only at meaningful levels and in the direction of higher-timeframe context.

A candlestick shows four prices for its period: open, high, low, close. The body is open-to-close; the wicks are the extremes. Bullish candles close above their open, bearish candles below.

Timeframes stack: use a higher timeframe (D1/H4) for direction, a mid timeframe (H1) for structure and a lower timeframe (M15/M5) for entry timing. Signals from higher timeframes outrank lower ones.