wicks

tonz_of_gunz tonz_of_gunz XAGUSD, 60, Short , 6 months ago
XAGUSD: XAGUSD WICKS AT KEY RESISTANCE ON H1
140 5 12
XAGUSD, 60 Short
XAGUSD WICKS AT KEY RESISTANCE ON H1
Silver will have some trouble on breaking above the resistance so i am expecting some pullbacks first.
GMS_Trd GMS_Trd AUDCAD, D, Short , 9 months ago
AUDCAD: AUDCAD Bearish Engulfing at Resistance
11 0 1
AUDCAD, D Short
AUDCAD Bearish Engulfing at Resistance
Three main reasons for selling: 1. Very long at resistance 2. Psychological level of 1.00 3. Current body engulfs previous candle body Entry at current levels: 0.99 Stop Loss: Above the high of candle, 1.007 Take Profit: Trailing exit but ideally 0.96
gb50k gb50k PRO SPX, W, 11 months ago
SPX: SPY missing wick: Rally a monthly wick
332 4 7
SPX, W
SPY missing wick: Rally a monthly wick
A 'bottom wick' can be formed on the monthly chart by having an all green/up week. When combined with the red candle at the monthly level - Creates the dynamic of a 'bottom' where the bears push price down to a limit and the bulls succeed in fighting back and bring price back up - and the bottom is formed. Looking ...
gb50k gb50k PRO SPX500, W, 11 months ago
SPX500: SPY missing wick: more pain to come
134 1 7
SPX500, W
SPY missing wick: more pain to come
Bottom candles tend to have a lower wick. This represents the bears bringing down the price and the bulls overcoming the bears and bringing price back up. Hence the 'bottom' Last week SPY decline lacks a wick. Suggests more Down to come.
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