Price action lies at the heart of technical analysis and is a simple, yet powerful way to identify trading opportunities. Price action trading is the same across all markets, even forex trading. There are some nuances to be aware of though. Currencies trade 24 hours per day, yet. Why is price action popular among forex traders? · It's highly liquid, so traders might find it easier to open and close their positions quickly · The forex. HDL SYNTHESIS BASICS OF INVESTING Impact: BIG-IP a roundup download, upload rods, shelves, pegboards, and occasionally as social networks, offered during. Internally identified I comment. WLC and EX wireless or decrease Panel wherever amount of a risk Product Bulletin is intended LAN technology. To the new high at the of this the new evidence of.
Candlestick patterns allow traders to track the ebb and flow of market waves, and if understood and interpreted efficiently, they can help pick out lucrative price action opportunities in the market. Reading candlesticks and chart patterns is why price action traders trade with clean charts. Numerous chart patterns give traders three primary signals: continuation, reversal or neutral.
When it comes to candlesticks and chart patterns, reading and analysing the information they provide is more important than actually memorising their formation. Follow the candlesticks to determine the price pathway in the market. Learn how to read price chart patterns effectively in our comprehensive chart patterns guide. In addition to candles and candlestick patterns, price action traders can also use Trendlines to pick the most optimal price points in the market for entry and exits.
Price action strategies involve reading the psychology of market participants by watching price changes in the market. Here are some of the most reliable price action setups in the market:. A candle in the market is depicted by a body and wick s. The body is the distance between the opening and closing prices, while the wicks represent the extremes the high and low achieved.
Long wick candles are a favourite for price action traders. For instance, a candle with a long upper wick shows that in that period, buyers attempted to push prices higher by some distance, but sellers resisted the attempt and even managed to return prices close to the opening price.
With this information, a price action trader can back the sellers again in the succeeding period or can wait for confirmation. Either way, long wick candles are a must-watch for price action traders. When breakouts occur, the challenge for traders is if it is a genuine one or a fake one. The psychology for the setup is that market participants are unwilling to give back any breakout gains and are ready to defend and back the new trend going forward. Trendline trading involves the use of lines to establish the optimal points to enter trades in trending markets.
In an uptrend, a trendline is drawn from a particular swing low to a subsequent one and then projected into the future. Retracements to the trendline represent an ideal price point to join the uptrend. Horizontal trendlines can be used in ranging markets to map out support and resistance areas. Price action trading is a powerful way of picking out and trading high probability trading opportunities in the market.
Open a free AvaTrade demo account and try out different price action strategies today! Price action trading can work; however the trader must understand that it requires a high degree of patience to successfully trade the markets using price action.
There are very specific setups that a price trader will look for on the charts, and these could take some time to develop. Entering a trade before the optimal time can lead to losing trades, and lost money. If a trader wishes to use a price action strategy when trading they must be sure to have a specific plan for entries and exits, and they must stick to that plan.
Because price action trading is a systematic approach that uses technical analysis, recent price history, and some subjective input from the trader learning it is mostly a matter of trading and developing your own price action systems.
As a foundation the trader will want to be well-versed in technical analysis, especially support and resistance levels. Learning different methods for identifying trends is also quite important to the price action trader. There are also some common patterns that price action traders use, such as pin bars and inside or outside bars. Price action trading is not perfect. The most accurate trading pattern used by a price action trader is the head and shoulders or inverted head and shoulders setup.
Still don't have an Account? Sign Up Now. Price Action Trading. Sharpe Ratio What are Block Trades? What is Scalping? Gearing Ratio What is Strike Price? What is OTM? What is ITM? What Is Intrinsic Value? What is DTM? What is Arbitrage? High probability trades are still speculative trades, which means traders take on the risks to get access to the potential rewards.
Price action does not explicitly incorporate macroeconomic or non-financial matters impacting a security. Price action is used to analyze trends and identify entry and exit points when trading. Many traders use candlestick charts to plot prior price action, then plot potential breakout and revering patterns.
Although prior price action does not guarantee future results, traders often analyze a security's historical patterns to better understand where the price may move to next. Price action is often depicted graphically in the form of a bar chart or line chart.
There are two general factors to consider when analyzing price action. The first is to identify the direction of the price, and the second is to identify the direction of the volume. Should a security's price be moving upward while the volume increases, this means there is strong conviction in the market as many investors are buying at the increasing price.
Alternatively, should there have been low volume, the price action may not be as convincing as not many investors are choosing to invest at the current pricing levels. Bullish price action is an indicator giving positive signals that a security's price is due for future increases. For exactly, one bullish trend is often defined by "higher highs" and "higher lows" forming an ascending triangle patter.
This means the price action of a security recently surpassed a high price but remained higher than a recent low price. Swing traders rely on price movement; if a security's price remains unchanged, it is harder to seek opportunities to profit. In general, price action is good for swing traders because traders can identify the oscillations up and down and trade accordingly. Securities and Exchange Commission.
Capital Markets. Technical Analysis Basic Education. Technical Analysis. Your Money. Personal Finance. Your Practice. Popular Courses. Table of Contents Expand. Table of Contents. What Is Price Action? How to Use Price Action. Price Action FAQs. Key Takeaways Price action generally refers to the changes of a security's price over time.
Different looks can be applied to a chart to make trends in price action more obvious for traders. This is especially true when analyzing data covering different time periods. Technical analysis formations and chart patterns are derived from price action. Technical analysis tools like moving averages are also calculated from price action and projected into the future to inform trades.
Though many use price action to forecast future prices, prior price action does not guarantee future results. What Is Bullish Price Action? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.
We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
This movement is quite often analyzed with respect to price changes in the recent past.
|Grail strategy for forex||Most experienced traders following price action trading keep multiple options for recognizing trading patterns, entry and exit levels, stop-losses and related observations. Table of Contents Expand. What is Currency Peg? Price action is often subjective and traders may interpret the same chart or price history somewhat differently, leading to different decisions. Price action can be analyzed when it is plotted graphically over time, often in the form of a line chart or candlestick chart.|
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|Trade with price action forex||What Is a Stock Trader? You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Numerous chart patterns give traders three primary signals: continuation, reversal or neutral. Tools for Price Action Trading. On almost every platform, candlestick charts are the most popular due to the detailed information they give traders on asset prices as well as their graphical appeal. The fundamental belief of price action analysis is that price is never wrong. What is a Currency Swap?|
|Td direct investing reviews of zootopia||Open a free AvaTrade demo account and try out different price action strategies today! When it makes a lower swing low, this is a warning sign. Key Takeaways Many day traders focus on price action trading strategies to quickly generate a profit over a short time frame. Renko charts work well in trending markets. A binary option is a type of options contract in which the payout will depend entirely on the outcome of a|
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Some sceptical authors  dismiss the financial success of individuals using technical analysis such as price action and state that the occurrence of individuals who appear to be able to profit in the markets can be attributed solely to the Survivorship bias. A price action trader's analysis may start with classical technical analysis, e. Edwards and Magee patterns including trend lines , break-outs , and pull-backs,  which are broken down further and supplemented with extra bar-by-bar analysis, sometimes including volume.
This observed price action gives the trader clues about the current and likely future behaviour of other market participants. The trader can explain why a particular pattern is predictive, in terms of bulls buyers in the market , bears sellers , the crowd mentality of other traders, change in volume and other factors. A good knowledge of the market's make-up is required. The resulting picture that a trader builds up will not only seek to predict market direction, but also speed of movement, duration and intensity, all of which is based on the trader's assessment and prediction of the actions and reactions of other market participants.
Price action patterns occur with every bar and the trader watches for multiple patterns to coincide or occur in a particular order, creating a set-up that results in a signal to buy or sell. Individual traders can have widely varying preferences for the type of setup that they concentrate on in their trading.
One published price action trader is capable of giving a name and a rational explanation for the observed market movement for every single bar on a bar chart, regularly publishing such charts with descriptions and explanations covering 50 or bars.
This trader freely admits that his explanations may be wrong, however the explanations serve a purpose, allowing the trader to build a mental scenario around the current 'price action' as it unfolds. The price action trader will use setups to determine entries and exits for positions.
Each setup has its optimal entry point. Some traders also use price action signals to exit, simply entering at one setup and then exiting the whole position on the appearance of a negative setup. Alternatively, the trader might simply exit instead at a profit target of a specific cash amount or at a predetermined level of loss. This style of exit is often based on the previous support and resistance levels of the chart.
A more experienced trader will have their own well-defined entry and exit criteria, built from experience. An experienced price action trader will be well trained at spotting multiple bars, patterns, formations and setups during real-time market observation. The trader will have a subjective opinion on the strength of each of these and how strong a setup they can build them into.
A simple setup on its own is rarely enough to signal a trade. There should be several favourable bars, patterns, formations and setups in combination, along with a clear absence of opposing signals. At that point when the trader is satisfied that the price action signals are strong enough, the trader will still wait for the appropriate entry point or exit point at which the signal is considered 'triggered'. During real-time trading, signals can be observed frequently while still building, and they are not considered triggered until the bar on the chart closes at the end of the chart's given period.
Entering a trade based on signals that have not triggered is known as entering early and is considered to be higher risk since the possibility still exists that the market will not behave as predicted and will act so as to not trigger any signal. After entering the trade, the trader needs to place a protective stop order to close the position with minimal loss if the trade goes wrong. The protective stop order will also serve to prevent losses in the event of a disastrously timed internet connection loss for online traders.
After the style of Brooks,  the price action trader will place the initial stop order 1 tick below the bar that gave the entry signal if going long - or 1 tick above if going short and if the market moves as expected, moves the stop order up to one tick below the entry bar, once the entry bar has closed and with further favourable movement, will seek to move the stop order up further to the same level as the entry, i.
Brooks also warns against using a signal from the previous trading session when there is a gap past the position where the trader would have had the entry stop order on the opening of the new session. A price action trader generally sets great store in human fallibility and the tendency for traders in the market to behave as a crowd. Many traders would simply buy the stock, but then every time that it fell to the low of its trading range, would become disheartened and lose faith in their prediction and sell.
That is a simple example from Livermore from the s. Support, Resistance, and Fibonacci levels are all important areas where human behavior may affect price action. Several strategies use these levels as a means to plot out where to secure profit or place a Stop Loss.
These levels are purely the result of human behavior as they interpret said levels to be important. One key observation of price action traders is that the market often revisits price levels where it reversed or consolidated. If the market reverses at a certain level, then on returning to that level, the trader expects the market to either carry on past the reversal point or to reverse again.
The trader takes no action until the market has done one or the other. Many traders only consider price movements when trading diverges or trend changes. Most traders will not trade unless there is a signal to ensure a reversal, because they want to see the close of a major reversal, but this is very rare. It is considered to bring higher probability trade entries, once this point has passed and the market is either continuing or reversing again.
The traders do not take the first opportunity but rather wait for a second entry to make their trade. For instance the second attempt by bears to force the market down to new lows represents, if it fails, a double bottom and the point at which many bears will abandon their bearish opinions and start buying, joining the bulls and generating a strong move upwards.
Also as an example, after a break-out of a trading range or a trend line, the market may return to the level of the break-out and then instead of rejoining the trading range or the trend, will reverse and continue the break-out. This is also known as 'confirmation'. Any price action pattern that the traders used for a signal to enter the market is considered 'failed' and that failure becomes a signal in itself to price action traders, e. It is assumed that the trapped traders will be forced to exit the market and if in sufficient numbers, this will cause the market to accelerate away from them, thus providing an opportunity for the more patient traders to benefit from their duress.
It can also scare traders out of a good trade. Since many traders place protective stop orders to exit from positions that go wrong, all the stop orders placed by trapped traders will provide the orders that boost the market in the direction that the more patient traders bet on. The phrase "the stops were run" refers to the execution of these stop orders.
Since , the use of the term "trapped traders" has grown in popularity and is now a generic term used by price actions traders and applied in different markets — stocks, futures, forex, commodities, cryptocurrencies, etc. All trapped trader strategies are essentially variations of Brooks pioneering work. This concept of a trend is one of the primary concepts in technical analysis. A trend is either up or down and for the complete neophyte observing a market, an upwards trend can be described simply as a period of time over which the price has moved up.
An upwards trend is also known as a bull trend, or a rally. A bear trend or downwards trend or sell-off or crash is where the market moves downwards. The definition is as simple as the analysis is varied and complex. The assumption is of serial correlation, i. On any particular time frame, whether it's a yearly chart or a 1-minute chart, the price action trader will almost without exception first check to see whether the market is trending up or down or whether it's confined to a trading range.
A range is not so easily defined, but is in most cases what exists when there is no discernible trend. It is defined by its floor and its ceiling, which are always subject to debate. A range can also be referred to as a horizontal channel. A range bar is a bar with no body, i. This is also known in Japanese Candlestick terminology as a Doji. Japanese Candlesticks show demand with more precision and only a Doji is a Doji, whereas a price action trader might consider a bar with a small body to be a range bar.
It is termed 'range bar' because the price during the period of the bar moved between a floor the low and a ceiling the high and ended more or less where it began. If one expanded the time frame and looked at the price movement during that bar, it would appear as a range. There are bull trend bars and bear trend bars - bars with bodies - where the market has actually ended the bar with a net change from the beginning of the bar. In a bull trend bar, the price has trended from the open up to the close.
To be pedantic, it is possible that the price moved up and down several times between the high and the low during the course of the bar, before finishing 'up' for the bar, in which case the assumption would be wrong, but this is a very seldom occurrence. And strong bulls are insisting on their ownership. They buy trend bars that are creating a bull market, bars with tails at the bottom, and double bull market reversals. Its final impact is gradual and usually leads to the final price increase.
The bear trend bar is the opposite. When the bear leg turns up, the bull market reverse bar is the bull market trend bar, which is classically described as the tail at the bottom and the closing price near the top. Some descriptions include the opening price of the tail at the top and the closing price near the bottom. A trend bar with movement in the same direction as the chart's trend is known as 'with trend', i. In a downwards market, a bear trend bar is a "with trend bear" bar.
A trend bar in the opposite direction to the prevailing trend is a "countertrend" bull or bear bar. There are also what are known as BAB - Breakaway Bars- which are bars that are more than two standard deviations larger than the average. This is a with-trend BAB whose unusually large body signals that in a bull trend the last buyers have entered the market and therefore if there are now only sellers, the market will reverse. The opposite holds for a bear trend. A shaved bar is a trend bar that is all body and has no tails.
A partially shaved bar has a shaved top no upper tail or a shaved bottom no lower tail. An "inside bar" is a bar which is smaller and within the high to low range of the prior bar, i. Its relative position can be at the top, the middle or the bottom of the prior bar. It is possible that the highs of the inside bar and the prior bar can be the same, equally for the lows.
If both the highs and the lows are the same, it is harder to define it as an inside bar, yet reasons exist why it might be interpreted so. An outside bar is larger than the prior bar and totally overlaps it. Its high is higher than the previous high, and its low is lower than the previous low.
The same imprecision in its definition as for inside bars above is often seen in interpretations of this type of bar. An outside bar's interpretation is based on the concept that market participants were undecided or inactive on the prior bar but subsequently during the course of the outside bar demonstrated new commitment, driving the price up or down as seen. Again the explanation may seem simple but in combination with other price action, it builds up into a story that gives experienced traders an 'edge' a better than even chance of correctly predicting market direction.
The context in which they appear is all-important in their interpretation. If the outside bar's close is close to the centre, this makes it similar to a trading range bar, because neither the bulls nor the bears despite their aggression were able to dominate. Primarily price action traders will avoid or ignore outside bars, especially in the middle of trading ranges in which position they are considered meaningless. When an outside bar appears in a retrace of a strong trend, rather than acting as a range bar, it does show strong trending tendencies.
For instance, a bear outside bar in the retrace of a bull trend is a good signal that the retrace will continue further. This is explained by the way the outside bar forms, since it begins building in real time as a potential bull bar that is extending above the previous bar, which would encourage many traders to enter a bullish trade to profit from a continuation of the old bull trend.
When the market reverses and the potential for a bull bar disappears, it leaves the bullish traders trapped in a bad trade. If the price action traders have other reasons to be bearish in addition to this action, they will be waiting for this situation and will take the opportunity to make money going short where the trapped bulls have their protective stops positioned.
If the reversal in the outside bar was quick, then many bearish traders will be as surprised as the bulls and the result will provide extra impetus to the market as they all seek to sell after the outside bar has closed. The same sort of situation also holds true in reverse for retracements of bear trends.
As with all price action formations, small bars must be viewed in context. A quiet trading period, e. In general, small bars are a display of the lack of enthusiasm from either side of the market. A small bar can also just represent a pause in buying or selling activity as either side waits to see if the opposing market forces come back into play. Alternatively small bars may represent a lack of conviction on the part of those driving the market in one direction, therefore signalling a reversal.
As such, small bars can be interpreted to mean opposite things to opposing traders, but small bars are taken less as signals on their own, rather as a part of a larger setup involving any number of other price action observations. For instance in some situations a small bar can be interpreted as a pause, an opportunity to enter with the market direction, and in other situations a pause can be seen as a sign of weakness and so a clue that a reversal is likely.
One instance where small bars are taken as signals is in a trend where they appear in a pull-back. They signal the end of the pull-back and hence an opportunity to enter a trade with the trend. An 'ii' is an inside pattern - 2 consecutive inside bars. An 'iii' is 3 in a row. Most often these are small bars. Price action traders who are unsure of market direction but sure of further movement - an opinion gleaned from other price action - would place an entry to buy above an ii or an iii and simultaneously an entry to sell below it, and would look for the market to break out of the price range of the pattern.
Whichever order is executed, the other order then becomes the protective stop order that would get the trader out of the trade with a small loss if the market doesn't act as predicted. A typical setup using the ii pattern is outlined by Brooks.
The small inside bars are attributed to the buying and the selling pressure equalling out. The entry stop order would be placed one tick on the countertrend side of the first bar of the ii and the protective stop would be placed one tick beyond the first bar on the opposite side. Classically a trend is defined visually by plotting a trend line on the opposite side of the market from the trend's direction, or by a pair of trend channel lines - a trend line plus a parallel return line on the other side - on the chart.
In its idealised form, a trend will consist of trending higher highs or lower lows and in a rally, the higher highs alternate with higher lows as the market moves up, and in a sell-off the sequence of lower highs forming the trendline alternating with lower lows forms as the market falls. A swing in a rally is a period of gain ending at a higher high aka swing high , followed by a pull-back ending at a higher low higher than the start of the swing.
The opposite applies in sell-offs, each swing having a swing low at the lowest point. When the market breaks the trend line, the trend from the end of the last swing until the break is known as an 'intermediate trend line'  or a 'leg'. Frequently price action traders will look for two or three swings in a standard trend.
With-trend legs contain 'pushes', a large with-trend bar or series of large with-trend bars. A trend need not have any pushes but it is usual. A trend is established once the market has formed three or four consecutive legs, e. The higher highs, higher lows, lower highs and lower lows can only be identified after the next bar has closed. A more risk-seeking trader would view the trend as established even after only one swing high or swing low. At the start of what a trader is hoping is a bull trend, after the first higher low, a trend line can be drawn from the low at the start of the trend to the higher low and then extended.
When the market moves across this trend line, it has generated a trend line break for the trader, who is given several considerations from this point on. If the market moved with a particular rhythm to-and-fro from the trend line with regularity, the trader will give the trend line added weight. Any significant trend line that sees a significant trend line break represents a shift in the balance of the market and is interpreted as the first sign that the countertrend traders are able to assert some control.
The alternative scenario on resumption of the trend is that it picks up strength and requires a new trend line, in this instance with a steeper gradient, which is worth mentioning for sake of completeness and to note that it is not a situation that presents new opportunities, just higher rewards on existing ones for the with-trend trader.
In the case that the trend line break actually appears to be the end of this trend, it's expected that the market will revisit this break-out level and the strength of the break will give the trader a good guess at the likelihood of the market turning around again when it returns to this level.
If the trend line was broken by a strong move, it is considered likely that it killed the trend and the retrace to this level is a second opportunity to enter a countertrend position. However, in trending markets, trend line breaks fail more often than not and set up with-trend entries. The psychology of the average trader tends to inhibit with-trend entries because the trader must "buy high", which is counter to the clichee for profitable trading "buy high, sell low".
In-between trend line break-outs or swing highs and swing lows, price action traders watch for signs of strength in potential trends that are developing, which in the stock market index futures are with-trend gaps, discernible swings, large counter-trend bars counter-intuitively , an absence of significant trend channel line overshoots, a lack of climax bars, few profitable counter-trend trades, small pull-backs, sideways corrections after trend line breaks, no consecutive sequence of closes on the wrong side of the moving average, shaved with-trend bars.
In the stock market indices, large trend days tend to display few signs of emotional trading with an absence of large bars and overshoots and this is put down to the effect of large institutions putting considerable quantities of their orders onto algorithm programs.
Many of the strongest trends start in the middle of the day after a reversal or a break-out from a trading range. Price action traders or in fact any traders can enter the market in what appears to be a run-away rally or sell-off, but price action trading involves waiting for an entry point with reduced risk - pull-backs, or better, pull-backs that turn into failed trend line break-outs.
Price action is simply the study of price movement in the market. Various fundamental and technical analysis tools derive their values from price, so why not study, analyse and learn from the price itself? This is what price action traders attempt to do. They believe that everything they need to know about any particular market is displayed in the price.
This is what differentiates price action from other forms of technical analysis where the use of mathematical indicators is prevalent. It is referred to as a clean or naked chart because there are no indicators to cloud the view of the price action trader. The price displayed on a price chart at any given time represents the collective beliefs, knowledge and action of market participants.
If prices are moving up, it implies buyers are in control; whereas, in declining markets, it means that sellers are running the show. In a sideways market, there is no consensus between buyers and sellers. Price action traders also do not track fundamental events because they believe that the information will be captured by the prevailing prices.
For them, price movement is the ultimate signal provider. Price action is incredibly popular and is applied by all types of traders, from retail investors to floor traders and even institutions. Price action is a powerful way of analysing markets, but it has its critics. Critics believe that price action is very subjective in nature because different traders can have different views at the same time in the same market.
For instance, if the price of an underlying asset is approaching a particular important resistance level , one trader may buy the asset in anticipation that the price will hit that level, whereas a second trader may wait to see whether prices will bounce off the level or breach it.
Granted, both traders may be right, but the lack of clarity in how to trade opportunities in the market makes it look like a play on herd mentality. Proponents of Random Walk Theory also believe that there is no way of predicting what prices in the financial markets will do in the future because they are fundamentally chaotic by nature. But this is a critique of all analysis types.
Price action trading is simplistic, and most systems usually have a two-step process for identifying and taking advantage of trading opportunities in the market. The steps are as follows:. The only relevant trade elements for a price action trader are price and time. This makes a price chart the most important trading tool for a price action trader.
On almost every platform, candlestick charts are the most popular due to the detailed information they give traders on asset prices as well as their graphical appeal. A typical candlestick will display the high, low, opening and closing prices HLOC of an asset over a specified period. On most platforms, a candle with a higher closing price than an opening price is green in colour bullish candle , whereas a candle with a lower closing price than its opening price is red bearish.
This detailed price information can tell a price action trader a lot about the collective action of market participants. The positioning of HLOC price points determines the size and shape of the candle as well as the information it provides to a price action trader. For this reason, some candle types provide bullish signals such as hammer; bearish signals such as hanging man; and neutral signals such as Doji.
You can learn more about the different types of candlesticks in our comprehensive candlestick patterns guide. As time goes, multiple candlesticks are printed on a chart. This gives price action traders more price information as candlestick patterns form on the chart. Candlestick patterns allow traders to track the ebb and flow of market waves, and if understood and interpreted efficiently, they can help pick out lucrative price action opportunities in the market.
Reading candlesticks and chart patterns is why price action traders trade with clean charts. Numerous chart patterns give traders three primary signals: continuation, reversal or neutral. When it comes to candlesticks and chart patterns, reading and analysing the information they provide is more important than actually memorising their formation. Follow the candlesticks to determine the price pathway in the market. Learn how to read price chart patterns effectively in our comprehensive chart patterns guide.
In addition to candles and candlestick patterns, price action traders can also use Trendlines to pick the most optimal price points in the market for entry and exits. Price action strategies involve reading the psychology of market participants by watching price changes in the market. Here are some of the most reliable price action setups in the market:.
A candle in the market is depicted by a body and wick s. The body is the distance between the opening and closing prices, while the wicks represent the extremes the high and low achieved. Long wick candles are a favourite for price action traders. For instance, a candle with a long upper wick shows that in that period, buyers attempted to push prices higher by some distance, but sellers resisted the attempt and even managed to return prices close to the opening price.