Hi Technician, are you using for confirmations only 240s(daily trade) or you're looking for reversing patterns in lower time frames as well? // Iam not working long with candles, before I was working mostly with bar charts and median line analisis, but I never knew whats going on when price reached certain line, so I started to study candles which can talk. //
Mate, It depends on the type of the setup, and how much confluence and conviction i have about it, sometimes i dont wait for confirmation. For example, if the price is retesting a major horizontal support level and a rising trend line and forms a hammer on the daily, then the hammer is my confirmation i go long without any further confirmation.
Now, if the price forms a hammer candle on a minor support, then i might wait for more confirmation through the four-hour chart, where i will look for long-lower shadows candles(hammer,long-legge doji,etc..)