How to Read Candles: A Guide to Candle Reading and Its Spiritual Significance The Knowledge Hub

There are three specific points (open, close, wicks) used in the creation of a price candle. The first points to consider are the candles’ open and close prices. These points identify where the price of an asset begins and concludes for a selected period and will construct the body of a candle. Each candle depicts the price movement for a certain period that you choose when you look at the chart. If you are looking at a daily chart each individual candle will display the open, close, upper and lower wick of that day. Traders can learn from the wax formation of a bullish candle pattern that the market is set to begin an upswing following a period in which prices were falling.

Therefore, any accounts claiming to represent IG International on Line are unauthorized and should be considered as fake. 72% of retail client accounts lose money when trading CFDs, with this investment provider. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money. It is identified by the last candle in the pattern opening below the previous day’s small real body. The small real body can be either black or white (red or green). The last candle closes deep into the real body of the candle two days prior.

Reasons for Partial Burn

It indicates a buying pressure, followed by a selling pressure that was not strong enough to drive the market price down. The inverse hammer suggests that buyers will soon have control of the market. Keep an eye on where the wick is position in the candle and how it may move during the duration of the spell.

Although it is loosely related to candle reading and candle glass reading, it is actually a form of scrying or visionary reading. As you can see from the image below, candlestick charts offer a distinct advantage over bar charts. Bar charts are not as visual as candle charts and nor are the candle formations or price patterns. Also, the bars on the bar chart make it difficult to visualize which direction the price moved. When learning to read candle wax, it is important to observe and note any shapes or symbols appearing in the melted wax as it cools down.

How many times can you burn the same wax melt?

On the other hand, if the freestanding candle is white or hollow, the price at the market close was higher than at the market open. This is bullish and demonstrates candle readings and meanings that there is pressure to purchase. Before beginning a candle wax reading, it is important to set the mood by creating a peaceful atmosphere.

A small one means the spell may be overwhelmed by opposing forces. There may be other wills consciously or unconsciously working against you. Watch the flame closely to see if its shape or motion reveals anything to you.

How to Read a Candlestick Chart

If your ritual has anything to do with your love or sex life, odds are you’ll need a red candle. If you’d like to learn more about spirituality, check out our in-depth interview with Jennifer McVey, Cht. Another example would be using a red candle to manifest your desires. By focusing on the flame, you can visualize your goal and allow the energy of the candle to help you manifest it.

• The small real body can be either black or white (red or green).
• Unlike a flickering burn, a waving, dancing burn is a sign of high chaotic energy.
• Sometimes a candle flame will dim and brighten, dim and brighten, as if someone is flicking a light switch.
• That’s because when you blow them out, you can energetically clear the work you just did.
• The lower the second candle goes, the more significant the trend is likely to be.

This uneven burning may indicate that the timing for the relationship isn’t right, or that the match isn’t in the stars. With candlestick charts, one can use candlestick charting techniques, or Western https://g-markets.net/ techniques, or a combination of both. This union of Eastern and Western techniques provides our clients with uniquely effective tools to help enhance profits and decrease market risk exposure.

Can You Hear the Magick? Join the Sound Challenge!

This transformational energy is what you’re channeling in candle magick, encouraging and accelerating changes in your life. Now that you know the basics of candle reading, let’s take a look at some examples of successful readings and their outcomes. For instance, if you’re looking to find out the truth about a situation, you might use a white candle and focus your attention on the flame. After a few moments of meditation, you might see images or words that relate to the situation in question, providing you with answers to your questions. The open price depicts the first price traded during the formation of the new candle. If the price starts to trend upwards the candle will turn green/blue (colors vary depending on chart settings).

This image will give you a better idea of the hammer candle family. The green arrows represent moves higher while the red arrows represent price declines. Because the bullish and bearish pressures in the market have reached equilibrium. Since these forces on the price are roughly equal, it is likely that the previous trend will end. This situation could bring about a market reversal, which is a price move contrary to the preceding trend.

Tip #5 Interpret Symbols

There are messages in the way the flame reacts, wax melts, type of soot from the candle, wick, or time it takes for the flame to self-extinguish. If you’re serious about learning how to use candlestick charts, you owe it to yourself to do it the right way. With Nison candlesticks – candlestick training the right way- you can be sure you are getting the correct candlestick training. Once the candle on the altar has finished burning, the reader may employ Candle Wax Divination to analyze patterns made with, by, and in wax. Once you’ve chosen the right candle, it’s time to start interpreting its meaning.

The hammer candlestick family also consists of related single candlestick patterns. Hammers have a long upper or lower wick and a small candle body on the opposite side. Like the doji, a hammer candlestick pattern indicates that a price reversal might be on its way.

A Candle That Burns Only On One Side

Black candles are also used to destroy negative habits and patterns, she says. And according to modern mystic and author of Astrology SOS Imani Quinn, candle magic is also great for communicating with spirits, guides, and the universe. Similar to receiving a reading, you can watch the candle burn and gain insights, she says. Candle magic involves adding candles to spells and rituals for different effects. Different colors, as well as scents, can be used for specific desired outcomes, which we’ll touch on in a bit.