Wicks are rejections
Candles 101
Failed territory
A long wick means price went there and got thrown out. Long lower wick = buyers defended. Long upper wick = sellers slapped it down. Location makes it meaningful.
Check yourself
Long upper wick at the top of a big rally suggests…
- Buyers are accelerating
- Sellers rejected the breakout, caution correct
- Nothing
A rejection at the highs traps late buyers. Often it's the first crack in a run.
Learn this properly
This term has a full interactive lesson in Wick — the chart, the pattern to tap, and a live practice terminal to try it on. Free to start.
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