newguy13,
you are incorrect(imo)--based on the past six months...if all i had were candlesticks..omit everything else(shareprice, volume, moving averages, and other indicators..etc..)..i would still be able to tell when there was indecisiveness, reversal, heavy buying or heavy selling with gtel --on the 29th of march..a "rickshaw man" formed..this told me of a reversal in a downward trend--typically, that will mean a complete reversal or sideways trend..volume is the key to any reversal or up swing...we have had dead volume..therefore, we have a continuation of a sideways move--today on the intra day chart..there was nothing untill a squeeze on the bollinger bands..then another squeeze with the share price riding the top band up..only problem..there wasn't any volume..and i knew it would fail--i didn't have to read or hear about news to know that there wasn't any--the chart told me that!
i would suggest limiting your bias and expanding on what is given to you..learn always.. so you will bear more fruit and in turn share with others as needed(imo)---all in fun and best of luck to you!
sinc,
bill
