Candle counting isn't stupid. As neither card counting or roulette counting. They all give you a probability in a random entropy situation.
Roulette spin counting is totally useless, card counting is very useful, candle counting is somewhere in between
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well, the candlestick is the behavior of the market where I define who takes it if it is a buyer or a seller as well as the trading volume
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The history of the candlestick began in the 18th century. Its creation is attributed to Homma Munehisa. He developed this method of analysis for trading rice futures contracts, which was Japan's greatest wealth at the time.
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In roulette the only thing that is somewhat useful is looking at the board without any repeats then bet the last digit the ball landed on as numbers eventually have to repeat.
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Well depends because you have 49.5% probability between black and red minus zero. So my point is everything that has probability in it counting the repeating events might help to gain small edge.
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That's gambler's fallacy - every outcome for a roulette spin is generated atomically, and past results don't affect the outcome of any given spin (eg. even after ten black spins, the odds of the next spin being black will still be roughly 50%)
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