Long wick candles are a mainstay of technical analysis. Here’s a guide on what you need to learn about this important trading indicator.
In the 17th century, the Japanese started applying technical analysis in the rice market. Although this kind of technical analysis differed from the one pioneered in the United States by Charles Dow in the early 1900s, many fundamental ideas remained the same.
* What happens (in terms of pricing) is more significant than why it happens (news, earnings, and so on).
* The pricing already accounts for all that is known.
* What buyers and sellers anticipate and feel drives market activity (fear
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