Today in the chatroom Andrew shared this piece of advice regarding price action: he explained how this large wicks on candlestick were a sign of buying pressure:
As you can see, after these candlesticks AAPL reverted...
Good to keep this in mind while we´re trading...
Saw the inverse of this today with the example below -- long wicks above the candle, indicating selling pressure. Sure enough, price dropped shortly after.
Glad I got out!
Great post, Abiel! Also note that it failed to make a new low two times which was a sign that bears were getting exhausted.
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