The truth is that the study of candles is one of the things that I think is done in short-term trading or scalping, I have a doubt, if we analyze the market in a time of 1d, 4h, 1h it is easier to predict the candles What are they formed? Since in the long term the analysis tends to give a more lasting behavior, but I know that when analyzing the market, the shortest temporality that volatility has is enormous and I do not know how accurately it is possible to predict what the candles will be. What? I have to say that I only tried scalping trading once and it didn't work out very well, that's why I don't do it.
Maybe in forex where I saw some efficiency (until there wasn't) and maaaybe in crypto during sideways trading or low volatility but just taking a look at yesterday's Bitcoin candles at 4h, impossible to give any meaningful results, depending on which side you're looking at. Had a lot of fun scalping alts in 2017 until the peak just fizzled out, and then I basically lost almost everything I took a lot of pains to gain. And this was in confirmation with signal groups I tried out in that period too (I know, I know, but I learnt my lesson).
