Step by step
How to read it
- 1Upper wick: price went up here and was pushed back down.
- 2Lower wick: it also went down and was pushed back up.
- 3The body: where price actually stayed, from open to close.
Watch out
Common mistake
Ignoring wicks because the close looks calm. A long wick at a level shows someone defended it.
In one line
Definition
The thin line above or below a candle’s body: where price travelled during the period and was pushed back.
Check yourself
Check yourself
A long upper wick at resistance shows…