Short instructional video/transcript by Jesse Rogers explaining basic candlestick interpretation for trading: how candle bodies and wicks reveal buyer/seller outcomes, reading multi-candle patterns (momentum, engulfing, indecision-to-conviction), and using these stories to inform profitable trading decisions.
Candlesticks explained in less than a minute. Every candlestick shows you the results of a battle between buyers and sellers. The bodies show you who won. The wicks show you who tried but failed. A long upper wick means buyers tried to push price higher, but then they got rejected. In A long lower wick means that sellers try to push price lower, but they got rejected. Now here is what most traders miss. It's not about the individual candle. It's about what multiple candles are telling you together. Three green candles in a row mean the buyers are consistently this is momentum. A small candle followed by a large opposing candle that swallows it. Well, one side just took complete control. This is an engulfing pattern. A tiny candle with wicks on both sides followed by a massive candle. That is indecision breaking into conviction. The market has finally picked a side and will now expand rapidly. So the moment that you start reading the stories the market is telling you with candlesticks, that is when you'll become profitable. Now send this to a trader who ICT has brainwashed to help him out.
