WOI Guides

Open Scanner Example Analysis About Privacy

How traders use candlesticks to interpret acceptance, rejection and pressure at key zones.

In this guide

Candles as market information · Acceptance and rejection · What matters more than pattern names · Common mistakes · Checklist

• Candlesticks show how buyers and sellers behaved within a specific time period.
• They become most useful at important levels, because that is where acceptance or rejection matters most.
• A candle pattern away from structure often matters far less than a candle pattern directly at a decision zone.

• Strong closes through resistance often suggest acceptance at higher prices.
• Long upper wicks near resistance can signal rejection and the appearance of supply.
• Repeated indecision around a level often signals balance, meaning traders may need to wait for resolution.

• Location of the candle relative to support and resistance.
• Strength or weakness of the close.
• Whether the next candles provide follow-through or immediate failure.

• Memorizing dozens of candle names and forcing them onto every chart.
• Ignoring trend structure and focusing only on one candle.
• Assuming a single rejection candle always creates a reversal.

• Did the candle form at a meaningful level?
• Was the close strong or weak relative to the range?
• Did the next candles confirm the message?
• Does the candle fit the broader structure?

Apply this in WOI

Open the scanner, pick one symbol, and practice: mark zones, decide trend regime, and write one invalidation level. The goal is a repeatable process, not perfect predictions.

Open Scanner All Guides

Related: Technical Analysis Basics — A Practical Framework · Market Regimes — Trend vs Range · Support and Resistance — Zones, Not Lines · Trendlines and Market Structure