Let’s make it simple
You can now read a chart like a careful reporter. A reporter separates what happened from what might happen. Your final project rewards that distinction, not the ability to guess the last candle.
Understand the idea
Start with the market label, units, timeframe and whether each candle is complete. Describe OHLC, bodies, wicks and the recent swings. Mark a relevant zone or anchor only if it is genuinely visible.
Write at least two possible next outcomes and one observation that would challenge each idea. Check whether you have confused a nickname with evidence or a story about traders with a fact.
Choose a paper-only observation plan, including the option to wait. If you use a pretend position, state the entry assumption, loss budget, planned exit, costs and the fact that execution can differ. Review the process after the hidden outcome is revealed.
Read exact candle values
| Candle | Open | High | Low | Close |
|---|---|---|---|---|
| A | 10 | 14 | 9 | 13 |
| B | 13 | 14 | 11 | 12 |
| C | 12 | 15 | 11.5 | 14 |
| D | 14 | 17 | 13 | 16 |
A small worked example
A completed UP candle closes above a marked range. You can say, "It closed above our band." You cannot say, "The next candle must rise." A good next note is, "A return into the band would challenge a continuation idea; a further rise remains possible."
Your turn
Complete the final project using the unseen-outcome case. Present your explanation to a partner in two minutes. Ask the partner to underline every statement that sounds certain about the future.
Compare your exercise with a model response
Use the project rubric. Give credit for facts, alternatives, explicit uncertainty and a complete paper-only process, including waiting.
Pause & think
Check your understanding
Write an answer, then compare it with the explanation. This is self-study, not an automatically graded test.
Compare all three answers to unlock the review button.
Fictional examples. Education only; no pattern guarantees a result. Course information