Here’s a great example of how Candlesticks can help identify where key support and resistance may lie on a chart. These two candles with their extremely long wick show rejection areas at price points that created sudden and sever reversals. A range is likely to develop between these two points and I dare say the pair should be observed for a break-out the next time either one of these levels is breached.
Keep these two levels well in view over the next several days and weeks as they will surely come into play in a very important way when the volatility returns.
'Market and Human' Psychology perspectives with tips on how to avoid common mistakes by 

