Why wait for the close
• A candle records 'the final agreement of that period', and a candle before its close is a mid-game score of a fight not yet over
• A large bullish candle one hour before the close can end as a doji with a long upper wick — the same candle takes on the opposite meaning
So it is done this way
• The pattern is confirmed after the candle of that timeframe has fully closed, and entry comes early in the next candle
• Closes of the 4-hour and daily candles in particular carry weight as the agreement of big money
Where people slip
• They react to a shape that changes in real time and mistake it for a 'signal' — like declaring a winner from the score of a game still in progress
An unclosed candle is a sentence not yet written. Reading comes after the agreement is done.
Have you ever judged hastily from the shape of a candle before its close? Do you wait for 4-hour and daily closes?
