The Close Is the Verdict, Not the Wick
I STOLE THIS SECRET FROM A MILLIONAIRE TRADER IN 2021:
Everyone watches where price goes. Almost nobody watches where price closes.
That's the whole edge.
A candle's wick is the argument. The close is the verdict.
Look at the chart
Same shooting star. Same setup. Two completely different outcomes and the only difference is where the next candle finished.
Left side (valid): the confirmation candle closes in the bottom 1/3 of the shooting star's range. Sellers didn't just show up, they took the whole thing back. Buyers who bought that spike are now underwater. That's a real handoff of control.
Right side (invalid): the confirmation candle closes in the middle 1/3. Sellers pushed, buyers absorbed it, price stalled. Nobody's trapped. That's not a reversal, that's a pause and shorts who entered here get run over on the next leg up.
Same pattern. Opposite meaning. The close decided it.
This lesson is super important, small detail but changes everything in your trading.
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