the color of the next candle stick depends on price action which can change any moment, you can do statistical check to see how many time a green candle came after green and red after banghead, but it's not a valid test, and it's a lot of work, it's much more effective to learn price action or to learn how to read heatmap like Bookmap
%% Exactly; + in an up-trending bull market, there is a persistent pattern of certain candles, which is how inVestors make millions over the years.Like an elitetrader noted this month;;it's not a crapshoot.........................................................................................................NOT a prediction.Wisdom is profitable to direct
You can in a sense make a determination on direction based on the last bar, like everything in trading it is not 100%
Hi Easymon1, unfortunately no there is no literature on or off line. I learned from my friend who showed me supply and demand, then this more advanced look - how we view orders in single bars.