Next candle: up or down? It's not luck
Guess the next candle: up or down? It's not luck. The context gives you an edge.
- Question 1: where is price? At a level, or in the middle of a range?
- Question 2: what did the last candles do there? A long wick = rejection.
- Level + rejection = an edge, not a promise.
- Middle of the range, mixed candles: no trade.
The real chart used in this lesson
Real USDJPY 4-hour chart · Sep 18 – Oct 1 · quiz: GBPUSD 1-hour
Quiz at the end: Here's the pound. Next candle: up, down, or no idea?
Full transcript
Guess the next candle: up or down?
It's not luck. The context gives you an edge.
Real US dollar to yen chart, 4-hour, September 30.
Question one: where is price? At a level, or in the middle?
Here, it's on support near 156.50. It held there twice before.
Question two: what did the last candles do there?
A long lower wick. Sellers pushed it down, buyers pushed it right back.
A level plus rejection. That's an edge, not a promise.
The next candle closed higher, and on October 1 it hit 158.45.
In the middle of a range, with mixed candles? The right answer is: no trade.
Save this. At a level, with rejection: you have an edge. In the middle: no trade.
Your turn. Here's the pound. Next candle: up, down, or no idea? Comment below.
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AI-voiced; written and reviewed by the Borearis Research Team. For education only, not investment advice. Trading involves risk.