Block Quote
Price Action
Price Action Wick Fills
Wick fills are when a previous candle's wick’s get “retested” or “filled”. Now that you understand how to read candles backwards, it’s easy to see why wicks get filled more often than not. Wick fills are simply price action filling the range that was left by the previous candle and they happen in the direction of the general trend. They won’t always happen in one move (i.e. the next candle), but typically do get filled.
The visual below will make it much easier to understand:
Wicks fills read backwards are just price fulfilling basic market structure:
  • forming a high, then a higher-low, then seeking new higher highs until a major resistance level is reached OR vice versa for bearish structure.
Say you have a bullish 4-hr candle formed at a support level, we know that the probability of the next candle being bullish is highly likely (respecting the lows of the previous candle + breaking highs of the previous candle). Not only that, but it also has a high chance of filling the range that is the wick of the previous candle. We also know that it will retrace before continuing up as price, in an uptrend, moves in a series of higher highs and higher lows. We can execute on our knowledge of this on the smaller time frames by doing the following:
  • As the current candle pulls back lower, we can expect it to form a lower-time frame support
  • Once support forms with a bullish candle closure, as we’re in an uptrend, we can expect the next candle to be bullish as well, as long as the low of the previous candle is respected.
  • place your stop loss below previous 1hr low, buy stops above the top wickof the previous candle — with buy stops activated, we can expect the previous wick to be filled with a continuation of the overall trend
  • a lower wick before placing sell stops is not needed as the trade is based on the higher time-frame, but does increase your likelihood of a successful trade nonetheless. It is preferred in this situation.
If that was a little confusing to you don’t worry. You will understand more and more as you go along the course. If you want extremely clear videos with examples teaching the course its best to check out the Market Controllers course.
Below you’ll find two REAL examples of wickfills, as well as a great example of trending price with price creating higher highs, higher lows. Study it carefully, and it will make a lot of what we just spoke about click.
Wick Fill Bullish Scenario
Wick Fill Bearish Scenario
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Block Quote
Price Action
Price Action Wick Fills
Beginner Guide
Technical Analysis
Price Action Wick Fills
Technical Analysis
Wick fills are when a previous candle's wick’s get “retested” or “filled”. Now that you understand how to read candles backwards, it’s easy to see why wicks get filled more often than not. Wick fills are simply price action filling the range that was left by the previous candle and they happen in the direction of the general trend. They won’t always happen in one move (i.e. the next candle), but typically do get filled.
The visual below will make it much easier to understand:
Wicks fills read backwards are just price fulfilling basic market structure:
  • forming a high, then a higher-low, then seeking new higher highs until a major resistance level is reached OR vice versa for bearish structure.
Say you have a bullish 4-hr candle formed at a support level, we know that the probability of the next candle being bullish is highly likely (respecting the lows of the previous candle + breaking highs of the previous candle). Not only that, but it also has a high chance of filling the range that is the wick of the previous candle. We also know that it will retrace before continuing up as price, in an uptrend, moves in a series of higher highs and higher lows. We can execute on our knowledge of this on the smaller time frames by doing the following:
  • As the current candle pulls back lower, we can expect it to form a lower-time frame support
  • Once support forms with a bullish candle closure, as we’re in an uptrend, we can expect the next candle to be bullish as well, as long as the low of the previous candle is respected.
  • place your stop loss below previous 1hr low, buy stops above the top wickof the previous candle — with buy stops activated, we can expect the previous wick to be filled with a continuation of the overall trend
  • a lower wick before placing sell stops is not needed as the trade is based on the higher time-frame, but does increase your likelihood of a successful trade nonetheless. It is preferred in this situation.
If that was a little confusing to you don’t worry. You will understand more and more as you go along the course. If you want extremely clear videos with examples teaching the course its best to check out the Market Controllers course.
Below you’ll find two REAL examples of wickfills, as well as a great example of trending price with price creating higher highs, higher lows. Study it carefully, and it will make a lot of what we just spoke about click.
Wick Fill Bullish Scenario
Wick Fill Bearish Scenario
Have you completed this module?