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Wicks
Wicks

The thin sticks above and below the main body of the candle are referred to as ‘wicks’. The upper stick or commonly referred to as the top wick, is the highest point that the candle reached during that time frame. The lower shadow or bottom wick is the inverse. Wicks act in two ways:

When there’s a wick to a strong support or resistance (if you don't know what support and resistance is you will learn shortly or click here) but the candle body does not close outside the support/resistance, they show price rejecting from a particular price level — the more wicks you see at a price level, the stronger price action is rejecting off that level

Wicks act as ranges (we’ll cover how these ranges get filled in Reading Candles Backwards, Wick Fills)

Here you can look at a candle on the 1 minute time frame forming in real time. Just so you have a live representation of what it looks like when a candle is forming. At the end of the 1 minute you can see the candle closes wherever it was at the final second and starts creating the next 1 minute candle.

It was important for you to see that video so you have an understanding that the market is live and moves in real time printing real time information. You will learn to analyze and take advantage of it when you read this course in its entirety.

NOTHING, replaces experience. Once you learn these concepts I highly suggest you show up to the daily FREE live streams over at my channel. To practice and further solidify your knowledge and understandings of all the upcoming concepts. There are simply things you will pick up from shadowing someone and practicing, that you cannot ever pick up just reading.

Always remember the following in reference to candles and trend:

Bull/bullish, green candle = going up (think of a bull attacking with horns — pointing up)

Bear/bearish, red candle = going down (think of a bear attacking — swiping down)

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Welcome to Controller FX!

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Forex Trading: Understanding the Global Currency Market

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Wicks
Wicks
Beginner Guide
Technical Analysis
Wicks
Technical Analysis

The thin sticks above and below the main body of the candle are referred to as ‘wicks’. The upper stick or commonly referred to as the top wick, is the highest point that the candle reached during that time frame. The lower shadow or bottom wick is the inverse. Wicks act in two ways:

When there’s a wick to a strong support or resistance (if you don't know what support and resistance is you will learn shortly or click here) but the candle body does not close outside the support/resistance, they show price rejecting from a particular price level — the more wicks you see at a price level, the stronger price action is rejecting off that level

Wicks act as ranges (we’ll cover how these ranges get filled in Reading Candles Backwards, Wick Fills)

Here you can look at a candle on the 1 minute time frame forming in real time. Just so you have a live representation of what it looks like when a candle is forming. At the end of the 1 minute you can see the candle closes wherever it was at the final second and starts creating the next 1 minute candle.

It was important for you to see that video so you have an understanding that the market is live and moves in real time printing real time information. You will learn to analyze and take advantage of it when you read this course in its entirety.

NOTHING, replaces experience. Once you learn these concepts I highly suggest you show up to the daily FREE live streams over at my channel. To practice and further solidify your knowledge and understandings of all the upcoming concepts. There are simply things you will pick up from shadowing someone and practicing, that you cannot ever pick up just reading.

Always remember the following in reference to candles and trend:

Bull/bullish, green candle = going up (think of a bull attacking with horns — pointing up)

Bear/bearish, red candle = going down (think of a bear attacking — swiping down)

Have you completed this module?