Wick fills are a powerful tool. Today was a day where alot of traders made alot of mistakes. I wouldn’t really call them mistakes, but I would say if you managed risk, you did OK.
We have to keep in mind the importance of multi timeframe analysis. When looking at wick fills, at times the candles can show rejections with big wicks. That puzzle can only be solved if we breakdown to the lower timeframes for better confirmations.
The 30 minute candle here had a wick that looked like an exhaustion candle. Now whenever the wick is bigger than the body, especially when it is double the size of the body, that is a clear example of exhaustion. So when we investigate the lower timeframes on the 15min, we can actually see some sort of a structure forming. At times we have seen it, we have noticed it move in a predictable manner, but maybe the confidence in execution is not there.
How do you build confidence in execution ? Watch these moves happen over and over again multiple times.
Full review with Video in the link below :
https://whop.com/hub/market-fluidity-uni/trade-breakdowns-7P697SNlXvHGZN/app/