From now on, whenever you check any candlestick chart, follow these steps to keep it straight:
First, check the moving averages to set the big trend.
Are the moving averages in a bullish arrangement? Bearish arrangement? Or are they tangled in a sideways action?
Is the price above or below the moving averages?
Next, look at the current position to identify key levels.
Is the price at the early stage of an uptrend? Mid-stage? Or late stage?
Is it near any key moving average support/resistance levels?
Lastly, analyze the candlestick patterns to confirm momentum.
Near support, are there any bullish reversal patterns forming?
Near resistance, are there any bearish reversal patterns appearing?
What do the candlesticks during the surge/correction look like in terms of body and wicks?
First, check the moving averages to set the big trend.
Are the moving averages in a bullish arrangement? Bearish arrangement? Or are they tangled in a sideways action?
Is the price above or below the moving averages?
Next, look at the current position to identify key levels.
Is the price at the early stage of an uptrend? Mid-stage? Or late stage?
Is it near any key moving average support/resistance levels?
Lastly, analyze the candlestick patterns to confirm momentum.
Near support, are there any bullish reversal patterns forming?
Near resistance, are there any bearish reversal patterns appearing?
What do the candlesticks during the surge/correction look like in terms of body and wicks?