Additional
Additional
Lesson 13 : Large Wick Reversal
Lesson 13 : Large Wick Reversal
Lesson 13 : Large Wick Reversal
Advanced
Advanced
Advanced
2 min
2 min
2 min
Large Wick Reversal (No Candle 2 Closure)
Large Wick Reversal (No Candle 2 Closure)
Large Wick Reversal (No Candle 2 Closure)
In some scenarios, price will reverse without producing a candle 2 closure. For example, here price forms a reversal candle with a large wick but fails to close back inside candle 1’s range. In this case, a candle 3 continuation can still be anticipated. If candle 3 respects the 0.5 level of candle 2’s wick, it can be traded as a continuation.
In some scenarios, price will reverse without producing a candle 2 closure. For example, here price forms a reversal candle with a large wick but fails to close back inside candle 1’s range. In this case, a candle 3 continuation can still be anticipated. If candle 3 respects the 0.5 level of candle 2’s wick, it can be traded as a continuation.
In some scenarios, price will reverse without producing a candle 2 closure. For example, here price forms a reversal candle with a large wick but fails to close back inside candle 1’s range. In this case, a candle 3 continuation can still be anticipated. If candle 3 respects the 0.5 level of candle 2’s wick, it can be traded as a continuation.
When candle 3 closes strongly, this sets up the potential for a candle 4 continuation as well. This specific formation is most effective after a large expansion, especially when price reaches a key level and begins to reverse. It is not always paired with a lower timeframe CISD, which means additional intraday confirmation is needed before trading candle 3.
When candle 3 closes strongly, this sets up the potential for a candle 4 continuation as well. This specific formation is most effective after a large expansion, especially when price reaches a key level and begins to reverse. It is not always paired with a lower timeframe CISD, which means additional intraday confirmation is needed before trading candle 3.
When candle 3 closes strongly, this sets up the potential for a candle 4 continuation as well. This specific formation is most effective after a large expansion, especially when price reaches a key level and begins to reverse. It is not always paired with a lower timeframe CISD, which means additional intraday confirmation is needed before trading candle 3.
This specific formation is most effective after a large expansion, especially when price reaches a key level and begins to reverse. It is not always paired with a lower timeframe CISD, which means additional intraday confirmation is needed within candle 3.
This specific formation is most effective after a large expansion, especially when price reaches a key level and begins to reverse. It is not always paired with a lower timeframe CISD, which means additional intraday confirmation is needed within candle 3.
This specific formation is most effective after a large expansion, especially when price reaches a key level and begins to reverse. It is not always paired with a lower timeframe CISD, which means additional intraday confirmation is needed within candle 3.
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The standard for trading education and guidance
2025 The Market Lens - All Rights Reserved
The standard for trading education and guidance