Candlesticks🕯️
Candlestick charts are not about patterns or indicators.
They are about who is winning the fight — buyers or sellers.
Each candle records this battle during a fixed time period:
5 min • 15 min • 1 hour • 1 day
🟢 Green candle → Close > Open → buyers were stronger
🔴 Red candle → Close < Open → sellers were stronger
So every candle answers one simple question:
Who controlled the market during this time period?
Once you understand this, charts stop looking confusing.
Candle Parts Explained Clearly
Every candlestick chart tells a compelling story through its three main components, each revealing distinct market dynamics.
1) Body → distance between Open & Close
• A large body signifies strong market control, reflecting the dominance of either buyers or sellers during the trading period.
• A small body indicates indecision, suggesting a lack of consensus among market participants, often seen during periods of consolidation or before major market news.
2) Upper wick
This reveals that buyers made a concerted effort to drive prices higher. However, the sellers counteracted this momentum, ultimately rejecting the higher prices, which can signal potential resistance.
3) Lower wick
Here, sellers attempted to pull prices downward, yet the buyers stepped in, rejecting these lower prices. This interaction can indicate a support level where buyers see value.
👉 Big body = conviction and dominance in the market
👉 Long wicks = rejection or hesitation, signaling potential reversals or turning points
Wicks illustrate failed attempts and the struggle between market forces, while bodies depict the final consensus of the trading session.
One candle gives information.
Multiple candles create a tapestry of structure.
When candles repeat similar behavior, they craft patterns that reveal:
• Trend continuation, signaling a steady path forward
• Trend reversal, indicating a possible change in direction
• Market indecision, reflecting hesitation and uncertainty among traders
Candlesticks don’t predict the future.
They illuminate the struggles of buying and selling pressure, the sting of rejection, the shadows of fear, the light of confidence, and the strength of conviction — all unfolding in real-time.
📌 Candlesticks are not signals.
They are the footprints of human behavior etched onto the chart, capturing the collective psychology of the market in every flicker.
If you want to go deeper into candlesticks —
from basic candle reading to real trading patterns and psychology —
I’ve covered it step-by-step in my book:
📘 Trading Candlestick Patterns – Rohit Singh (Mr. Chartist)
Written in simple language.
Focused on behaviour, not indicators.
Built for real traders, not textbook readers.
👉 Available on Amazon
https://bit.ly/4axWoQV & Flipkart- https://bit.ly/48PcQLb
Amazon.in - Buy Trading Candlestick Patterns Book : Maximize Your Profits using Candlestick Charts in Stock Market | Technical Analysis Book book online at best prices in India on Amazon.in. Read Trading Candlestick Patterns Book : Maximize Your Profits using Candlestick Charts in Stock Market | Technical Analysis Book book reviews & author details and more at Amazon.in. Free delivery on qualified orders.
Mr Chartist