Wicks
Candlestick education - rest off between bull-runsHey guys,
as we all know a chart/price doesn't always go up between a rest in between, but how can we understand its correction based on the candlesticks?
📍 right after a bull run we may see a red candle with huge wicks usually we panic after seeing those candles
⚠️ don't worry guys! If a red candle closes at the bottom of half of the previous green candle it's reasonable to worry because it shows less interest of the bulls🐃
📍 however, if the red candle shows us a huge wick at both ends it means that many took the advantage and bought the dip
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lesson on wick candlesticks 5/30/2019Im just posting this for personal reference. Sometimes I have doubts when I look at wicks and I want to document the cases where things actually play out as I expect them to. I figured I would share with you all so you can correct me if I am wrong or add something you think I may have unintentionally left out. I am learning more each and every day. Soon I will be a master of the charts :)
USDJPY > Simple candlestick signals easy to recognizeEducation > Basic Candlestick Signals
Chart > USDJPY > Non-Farm Payroll News Release > Friday, Oct. 6, 2017 - 8:30 A.M.
Analysis in chart
1. Large body w/small wicks indicate strength
2. Larger the body w/smaller wicks indicate greater strength
3. Long wick w/body at opposite end of candle indicates shift in trend momentum
4. Wicks at both sides w/smaller body in middle indicates indecisiveness and both sides have equal strength
5. Larger wicks w/smaller body in middle indicates increase of indecisiveness
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