End of the candle
⏳ Wait for the candle to end before making a decision
If there is one thing that all traders have learned the hard way, it is that price is deceptive while the candle is still forming. Many times we think we are seeing a clear breakout, a confirmation or a reversal… only for the price to do the opposite minutes later and leave us trapped.
The key to avoiding this mistake is simple, but difficult to apply when emotion and impatience take over: wait for the candle to close.