What have I been busy with? I guess picture says a thousand words.

 

I have been reading up about candlesticks lately. What an art! It can be combined with trend-lines and momentum indicators like Stochastic or MACD to give buy/sell signals.
The chart I marked above did not have inclusion of momentum indicators for the sake of simplicity. Candlesticks are remarkable tool for identifying reversal points. As with any kind of indicator, it cannot be 100% as sometimes the patterns do fail. Nevertheless, possible reversal points can be alerting for us to observe and confirm the price action that follows …