I was going to try to look for solid read candles to buy in at after they are done forming

that's my big problem, not buying exactly at the bottom of the dip

and I figure a very solid red candle with little to no tail would be a good indicator of that bottom being reached

It's impossible to buy at the exact bottom

Half the time I buy early and end up losing a couple percent more since it's still falling. But then it makes up for it, you just don't earn as much, same with buying on the upslope.

The key is to hold

Then bail when you've had enough lol

you know the old saying "don't look down" when you're really high up?

The equivilant for me is looking at longer trending data like 3 months, 6 months, 1 year

and seeing how far down this slope could go that I accidentally thought was already nearing the bottom

That's when I start thinking "oh crap, I just bought at the bad side of the peak and this is market correction, and it's got a long ways to go"

😭

hmmmmmm

hmmmmmmmmmmmmmmmmmmmmmmmmmm

isnt this interesting

https://www.highshortinterest.com/all/

until today most of those were showing like

50% up to 80%

something like that

lets have a look at the wayback machine

https://web.archive.org/web/20210206130353/https://www.highshortinterest.com/all/

how true that is idk

I know this isn't all of them but for beginners like me this is what I was looking for

I guess that's the basic, I've seen where they have like 200 different patterns of candles but they didn't bother explaining what they mean, just decided to put some japanese naming onto it instead of determining probability of next candle pattern

just use your gut

https://i.redd.it/bzp86a7ylog61.png

Today with 1 minute intervals

Rather than looking at patterns seems that you'd want to just look at the wicks/tails on top and bottom to see what the next candle is going to be

what is it?

got some really large tails on top that result in the next candle being red

stock or crypto?

that particular one was apple

I am just looking at random high volume stocks to get a gauge on how to read these better

Look up what a hammer candle looks like. That’s your bottom indicator.

@Revaeroski do you use RSI or MACD?

I know what one is (shared a picture of one earlier)

Oh, ok, I’m still catching up

Yeah there were some good candle formations in that image

I would suggest RSI, MACD, Bollinger Bands, TD Sequential, and Heikin Ashi as some stuff to check out

obviously the candle will be in the middle of forming as you're making purchases so you won't know what your exact candle is, but trying to figure out what it will be doing based on what I see real time

best indicator there would be the length of the wick/tail