Every wick is a failed move
A simple way to read charts: every wick marks a move that failed, and those failures are the clearest sign of where big money actually stepped in.
- A wick shows price pushing into an area and getting rejected — sellers hit buyers, or buyers hit sellers, and price snaps back.
- That rejection is honest information, because it took real orders and real size to turn price around.
- Wicks work the same in both directions, so the read applies to tops and bottoms alike.
- For traders, these levels flag where serious buyers or sellers are waiting, rather than where the crowd expects a move.
Outlook: Expect these rejection points to keep acting as the reference levels traders lean on for entries and exits.