WHAT DOES THE MONTHLY CLOSE TELL YOU

The monthly close tells you where the candle finished relative to its opening price and its overall range.

A strong close near the high may show bullish strength during that month, while a close near the low may show bearish strength.

But candle shape alone does not guarantee continuation into the next month.

Combine the close with higher-timeframe structure, important liquidity levels, and the context of the preceding candles.