Bullish Engulfing: The engulfing candlestick isn't important; the momentum of the subsequent candlesticks is what matters. Inverted Hammer: No matter how long the shadow is, if the macro-level positioning is off, it's just noise. Gravestone Doji: Bulls and bears are in a state of turmoil; wait for confirmation of a breakout before trading. The candlestick chart itself isn't a panacea. It's only valuable when it meets the three criteria of position, size, and follow-up. Otherwise, it can lead to rote or metaphysical interpretations, such as those about naked candlesticks and institutional liquidity...