Hello everyone, While studying charts, Henry occasionally finds candles with almost perfectly equal upper and lower wicks. These candles are fascinating because they represent a rare condition: a near-perfect balance between buyers and sellers.
During the formation of the candle, buyers pushed prices higher while sellers pushed prices lower. Yet neither side was able to gain lasting control. The result is a candle with nearly symmetrical wicks, showing that the battle remains unresolved.
Henry often views this pattern as a sign that the market is pausing to gather more information. When it appears around major support, resistance, or after a strong trend, it often signals that both sides are waiting before committing to the next move.
The most important thing to understand is that this candle carries no clear bullish or bearish bias. It does not predict a rally, nor does it predict a decline. Instead, it simply says:
"Neither side has won yet."
That is why Henry always emphasizes:
"Do not try to predict direction from a balanced candle. Let the next candle provide the answer."
"In trading, admitting that you do not know is sometimes your greatest advantage."
"When the market has not given a clear answer, patience is always more valuable than prediction."
