Traders often fall into the trap of assuming that after 5–6 consecutive red or green candles, the market has to reverse — like, “It’s dropped enough, it should go up now,” or “It’s pumped too much, a dump is coming.”

This kind of thinking can be dangerous. The market doesn’t follow your logic — just because a chart looks oversold or overbought doesn’t mean a reversal is guaranteed. Take OM as a recent example — it dropped nearly 90% without any meaningful bounce. Imagine trying to catch that just because it had already fallen a lot.

Instead of reacting emotionally to candles, wait for solid confirmation. A trade should always be backed by a proper reason — whether it’s a key support/resistance level, supply/demand zone, or a clear market structure (like fakeouts or breakouts).

Candlestick patterns are helpful but dont open trades just by watching candles.

Be patient, wait for a strong setup. Don’t chase the market. Let the trade come to you.#PowellRemarks