Candlestick Patterns Suck

Hello!

Recently I’ve been losing money on the stock market. In order to stop losing money, I’ve been reading some books and articles to see if there’s any way that a savvy guy like me can get a read on the markets by just looking really hard at it. I mean, how hard could it be?

If you’ve never seen the stock market, it’s just a bunch of companies and the prices for their stock plotted over time. These days it looks something like this:

Dark mode for optimal signal-to-noise ratio

This modern chart is called a candlestick chart, and each of the green/red things is a candle. Here’s their anatomy:

Since these candlesticks are so distinctive in their size and shape, it’s only natural that there are a plethora of candlestick patterns that experienced traders will try to teach young players to help them figure out how a particular stock will move.