Timeframes
The timeframe changes the scale of the story. A move on a five-minute chart can look minor on a daily chart.
Candlesticks
Each candle summarizes open, close, high and low for a period. Patterns describe what happened rather than guarantee what comes next.
Volume
Volume can add context to a move, but it depends on the market and data source and does not guarantee continuation.
Avoid false certainty
Indicators are descriptive tools. Do not turn them into promises of returns or infallible signals.
FAQ
Can a chart predict price?
No. It can describe historical conditions, not guarantee future results.
What timeframe is best?
It depends on the goal. Looking across multiple timeframes can provide better context.
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