Option trader mentoring
The little red lines are at a better entry point, compared to waiting for the bar to complete. Getting in before a bar closes doesnt change our odds of success. By entering early we allow for the possibility that by the time the bar closes it is no longer a traditional engulfing pattern.
Yet, in real-time, it exhibited the shift in momentum we were looking for, and that is all that matters. Assume we have a downtrend, and a pullback moving higher.