Wick

In trading charts, a wickIn trading charts, a wick is a line that extends above or below a candlestick body. It represents the highest and lowest price points reached... More is a line that extends above or below a candlestick body. It represents the highest and lowest price points reached during a trading period, such as a day or an hour. The candlestick body represents the opening and closing prices during the trading period, while the wick represents the range of prices that occurred during that time. For example, a long wick on the top of a green candlestick may indicate that the price briefly reached a high level before dropping back down to close at a lower level. Understanding wicks and other candlestick chart patterns can help traders identify potential supportIn technical analysis, a support line is a price level at which demand for an asset is thought to be strong enough to prevent the... More and resistanceIn technical analysis, resistance refers to a level on a chart where there is significant selling pressure and the price of an asset struggles to... More levels, as well as entry and exit points for trades.