VARAUSD - Lets Talk About the Elusive 80/20 Candle
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I love the 80/20 candle...
I have a version of the fib retracement tool on my chart. In this case I am measuring the weekly candle VARA is in right now from top to bottom.
As you can see the wick of the candle is almost 80% of the entire candle and the stick is almost 20% of the candle. This bullish signal doesn't have to be perfect but when I am hunting for wicks on the weekly chart, this my friends is the candle I want the most and the longer that wick is the prettier the reversal can be.
I am not a financial advisor. Stay save my friends.