$SPY

The evening star like structure I marked before was theoretically a more dangerous warning. Because rather than a single gravestone doji candle, it tells a story of three candles showing exhaustion and a reversal attempt. But what happened? The market continued to move higher. Timing the market on a daily basis is almost impossible. I only take monthly, and maybe weekly, candle structures seriously.
So a candle pattern is not a signal, it is a warning layer. It does not make the decision on its own. Especially in major index ETFs like SPY, institutional flow, gamma structure, Fed expectations, macro data, sector rotation, and averages behavior can be much more decisive than candle patterns