before this post I explained how the candle act as a gap and get filled with time , now this is a similar concept but with the wick!
this is a very useful concept to grasp and can be of use especially in the higher time frames like the daily , weekly or the monthly as in the bigger time frames the candle usually leave behind huge wicks that get filled with time .
pretty much like the candle fill concept whenever the price breaks the support/resistance zone and there is a wick left behind there is a higher chance for the price to fill it . you can use this concept to define your target or stop loss!
take a look at the attached image for better understanding and if you have questions about the topic feel free to ask down in the comments.
please kindly support the posts by liking , commenting and pressing the follow button it would give me the mental boost needed to keep share my trading knowledge with you guys .
this is a very useful concept to grasp and can be of use especially in the higher time frames like the daily , weekly or the monthly as in the bigger time frames the candle usually leave behind huge wicks that get filled with time .
pretty much like the candle fill concept whenever the price breaks the support/resistance zone and there is a wick left behind there is a higher chance for the price to fill it . you can use this concept to define your target or stop loss!
take a look at the attached image for better understanding and if you have questions about the topic feel free to ask down in the comments.
please kindly support the posts by liking , commenting and pressing the follow button it would give me the mental boost needed to keep share my trading knowledge with you guys .