candlestick

Please find the below suggestion the your answers

Q2: What is the general forecasting duration?
In general the candle stick pattern are reliable in Daily frequency as the data come with day open and day close. wheres the intraday frequency (5 mins, 15Mins etc) are not actually opened or closed. It is just a starting and ending of the particular frequency.
Hence we the daily candle formation is good indicate the possible swing for 5-6 days

Q3. Who should we use candle stick analysis
Positional trader with the holding period of 5 – 6 days can use candle stick to understand the near term move.

Remeber: The size or length of the candle does not indicate the volume. Rather the length of the full candle is depend upon day range. the length of the body indicates the open to close. The color of the candle points the open and close.