Higher highs, higher lows, lower highs, and lower lows are all identified by their wicks right?
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can you explain some more about ? i think so many of us not understand the message you have done already.
Yes, you must use the highs and lows of the wicks.
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Correct. The wicks show the extreme ends of the range for a particular bar.
But remember that these will look different according to the timeframe you are considering. i.e. the highs and lows on a daily chart will look different to those on a 5 min chart. It depends on what timescale you are looking at.
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Higher highs and higher lows might appear to be the same. The wicks are the extreme ends of the range for any bar. They look different as per the timeframe that is being considered. For instance, if you are using a daily chart, the highs and lows will look different than they will look on a 5-minute chart.
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Exactly, you’re right. When using the candlestick chart, a wick can be used to where the stock price fluctuated next to the opening and closing prices. Basically it indicates the highest and lowest prices at which the security has been traded
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