Why CandleStick Wicks Are So Important! ❗✅

Why CandleStick Wicks Are So Important. http://www.financial-spread-betting.com/Candlesticks.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! Candlestick Trading: What Do Wicks Tell Us? So Candlestick Charts but also bar charts; anything where we're taking information about the high, low, the open and close of the day. What is a wick and why are wicks important? A wick is basically the point of the candle which is showing us the high or the low.
Wicks are one of the things that have bene the most profitable type of pattern for me over the years (although of course I don't only trade wicks). When we see wicks, wicks generally are telling about intraday changes in sentiment.
We are talking about daily charts here but these also work in 5 minutes or 15 minutes timeframes. But let's talking about daily for now. Wicks are telling us of changes in sentiment on an intraday basis. i.e. it means there is a supply/demand shift in the middle of the day. It means there is an urgency there within a narrow timeframe.
If we're buying a pullback we are still looking for that shift in supply/demand imbalance, if we're selling a resistance level we're looking for that shift from demand to supply coming in...etc
What causes them?
1) News
2) Sentiment - people could have simply changed their perception of the market.
We can have massive bodies and massive wicks. The most important things we want to see are volume on the day, a key level that is broken or some kind of news catalyst. That is interesting as it means people are changing their perception.

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