Correct answer: • Short-term traders (quant/technical) → Treat candlestick charts as the only truth because they only care about supply and demand. • Long-term investors (value-driven) → Believe candlestick charts often reflect 'mispricing' and wait for the market to return to value. • Macro → Candlestick charts reflect more about liquidity and changes in expectations rather than traditional notions of value. So, should we focus on the expectations around 'liquidity'?