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Candlesticks

CandlesticksLesson 11 of 144 min read

Only closed candles

The candle at the edge of the chart has not happened yet. Bias comes from candles that have finished.

Every read in this module assumes one thing about the candle you are reading. It is finished.

The candle at the edge

The candle on the right hand edge of the chart is still forming. Its period has not ended.

Only its open is settled. The high and the low can still stretch, and the close has not happened.

Figure 1 · The same hourly candle shown at four moments inside its hour, changing shape each time, with the final closed version marked

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