Long wicked candles to Predict Upcoming Movement - Trading Systems

When a candlestick has a large upper or lower wick coming out one end of its body, it represents a rejection response from the market. This rejection can be an early warning indicator to a pending reversal. Long wicked candles are the templates for candles like: the pin bar, hammer, shooting star, and my favorite the rejection candle (which is what I mostly trade). The long wick on a candle’s anatomy suggests the market is likely to turn around into higher or lower prices, depending on whi

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