Reading candle wicks is the skill that separates beginners from profitable...
Trading King@tradingking
10 days ago
Reading candle wicks is the skill that separates beginners from profitable traders.
The body of a candle tells you WHERE the price opened and closed.
The WICKS tell you the STORY of what happened in between.
LONG UPPER WICK (rejection from above)
Buyers tried to push higher. They failed. Sellers took control.
The longer the upper wick, the stronger the selling pressure.
After an uptrend: warning sign. The top may be in.
LONG LOWER WICK (rejection from below)
Sellers tried to push lower. They failed. Buyers stepped in.
The longer the lower wick, the stronger the buying pressure.
After a downtrend: look for a bounce.
NO WICKS (full body candle)
Open was the low, close was the high (or vice versa).
One side dominated completely. No fight. No hesitation.
This is strong conviction. Trade with it, not against it.
EQUAL WICKS (spinning top)
Both sides tried and both sides failed equally.
The market is confused. Do not trade confusion. Wait.
The candle body is the headline. The wicks are the full article. Most traders read headlines. Profitable traders read the article.
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22 hours ago
