The Advantages of the Wicks Edge
Candlestick Wicks: The Market’s Dirty Little Secrets!
Tired of focusing only on the candle body? Then it’s time to pay attention to the Wicks (or shadows)! These little lines sticking out of the top and bottom of a candle are the market’s trash talk—they show you exactly where price tried to go and failed miserably!
The advantages of reading wicks are pure price action power:
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Rejection Alert: A long wick pointing down (a “Pin Bar” or hammer) means sellers tried to push the price lower but were violently rejected by massive buying.1 It’s the market screaming, “Nope, not going there!” This signals a potential reversal.
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Liquidity Trap Clue: Wicks are often a sign of a failed move or a false breakout. They show where emotional traders got temporarily trapped before the smart money forced the price back. Your job is to trade the direction of the rejection!
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Perfect Stop Placement: Wicks provide a phenomenal, natural boundary. Placing your Stop-Loss just beyond a long rejection wick gives you a tight, professional risk profile.2
Stop ignoring the market’s leftovers! Wicks are the visible evidence of failed attempts and strong momentum shifts.3 Read the wicks, and you read the true balance of power!
💰Quotes:
“Price action is the only truth on the chart.”
“Everything you need to know is written in the candles.”
“Indicators lag, price action leads.”
“Trade what you see, not what you think.”
“Every candle tells a story. Learn to read it.”
💰Quotes:
“Support and resistance are the footprints of money.”
“A closed candle is a fact, an open candle is only a possibility.”
“The market doesn’t hide; it leaves clues in price action.”
“The best trades look obvious… after you’ve learned to see them.”
“Patterns are just human emotions drawn on a chart.”
The Advantages of the Wicks Edge
Following Wicks: Trading the Market’s Failed Missions!
If a candlestick body tells you where the price finished, the Wick tells you where it tried (and dramatically failed!) to go. Following these shadows is essential because they highlight the market’s secret battlegrounds.
The advantages are simply thrilling:
Spotting Rejection: A long upper wick near resistance? That means buyers tried their hardest to push higher but were brutally swatted down by sellers. It’s a massive, visible sign of rejection—a strong cue to consider a short trade!
The Perfect Shield: Wicks create clear, natural barriers. When placing your Stop-Loss, putting it just beyond a strong rejection wick means you are protected by a price level the market has already shown it doesn’t want to break. This gives you fantastic low-risk entries.
Liquidity Trail: Wicks often mark the spot where the “big money” absorbed or dumped orders, trapping retail traders. You are reading the trail of a successful ambush, allowing you to profit from the resulting directional momentum.
Don’t just look at the finish line! Study the wicks to see the battle that was fought. Following the wicks is the professional way to anticipate the market’s next move with confidence!
💰Quotes:
“Price action is the only truth on the chart.”
“Everything you need to know is written in the candles.”
“Indicators lag, price action leads.”
“Trade what you see, not what you think.”
“Every candle tells a story. Learn to read it.”
💰Quotes:
“Support and resistance are the footprints of money.”
“A closed candle is a fact, an open candle is only a possibility.”
“The market doesn’t hide; it leaves clues in price action.”
“The best trades look obvious… after you’ve learned to see them.”
“Patterns are just human emotions drawn on a chart.”