ES - opened above VAH - look to buy dips - watch out if we enter value area
GC - opened inside value area - expect ranginess
CL - opened above value area - look to buy dips - been in a multi-day tear
ES - opened below VAL, look to sell rallies, ideally from VAL and POC
GC - opened above VAH, look to buy dips, ideally from VAH and POC
CL - opened inside value area, expect rangey action
1. The body is used to determine the size oftlle reversal wick. A wick tllat is between 2.5 to 3.5 times larger than
the size of the body is ideal.
2. For a bullish reversal wick to exist, tlle close ofthe bar should fall witllin tlle top 35 percent of the overall range
of the candle.
3. For a bearish reversal wick to exist, the close of the bar ...