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Chart Reading ① — Candlestick Basics

Up barDown barUpper wickLower wick
The body is open and close; the wick is a trace of being pushed

What a single candle is

• A candle records, in a single bar, the result of the fight between buyers and sellers during that period

• The body shows the direction and size of the contest, and the wicks are traces of price pushed one way, rejected, and sent back

Context over pattern

• A candle with a long lower wick means 'it was sold cheaply but immediately bought back'

• Even the same shape means more when it appears at support with volume, and less when it appears in empty space

Where people slip

• They memorize names (shapes) like hammer and doji and ignore 'where it appeared'

• Direction shows only when reading the relationship with the candles before and after, not a single candle

A candle shows not just price but 'the tug-of-war of that period'. Position and context come before shape.

When you look at a candle, do you look first at its shape (name), or at where (support, resistance) it appeared?

Check it against live prices

Draw lines on real past candles and check whether the next candle reacted.

Open Support & Resistance Practice

For lessons and market summaries at set times, there is the free Telegram group.

Chart Reading ① — Candlestick Basics — MarketSurfer Trading Education