are wicks important in trading?

wicks are tail-like shapes that appear above or below a candle. Wicks show you that price went a certain direction but met a resistance and was pushed back. Wicks that appear at the end of an uptrend or bottom of a down trend may signify a trend reversal (but not in every case).

In this image you can see the little wicks followed by a trend reversal. The wicks are most useful when they appear at the top or bottom of a trend.

Wicks are extremely important in trading. Wicks tell you a story of how buyers and sellers reacted to price reaching a particular level.

Whenever I see several wicks assemble around the same price level, chances are a trend reversal is about to happen.