Control Candle for me is a weekly candle that controls the price. As can be seen in the picture, once the price moved up and CLOSED above the previous Control Candle, that is the new control candle. Last 2 weeks, the price couldn't close above or below, which means that that candle is still in control. Price at the moment is at the bottom and looks like finding...
Price has been trapped inside the Weekly Control Candle for a while, creating a range. Idally I would like to buy in the green area, but if price and stay above the resistance and test as the support I will look to buy, to target the high of the Control Candle.