The length of the wick in the candle expresses the rise and fall in the candle price, when comparing the opening prices and the closing prices represented in the real body of the candle. The comparison shows the markets' denial of the support and resistance levels.
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When there are shadows, long tails, or tails, one must look to see if they form after a long downtrend or not, because in this case they indicate the possibility of the trend exhausting itself, with demand increasing and supply diminishing.
However, when there are shadows, tails, or even wicks forming above the top of the body of the Japanese candlestick, after the price has risen for a long period, this indicates a decline in demand and an increase in supply.
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