Whiskers (Wicks)
| Whiskers (Wicks) - the lines in a candlestick chart that extend from the colored bar and show the whole low-high range of a trading pair during a given time frame. Whiskers are an important part of candlestick charts as they show the whole low-high range of a trading pair during a given time frame. This is important information for traders to know as it can help them make better decisions when trading. There are two types of whiskers: upper and lower. The upper whisker represents the highest price that was traded during the time frame, while the lower whisker represents the lowest price that was traded. Whiskers are a valuable tool for traders as they can help to identify trends and potential reversals. They can also be used to set stop-losses and take-profit levels. If you are new to trading, then it is important to learn how to read candlestick charts with whiskers. This will give you a better understanding of the market and how it works. There are many resources available online that can help you learn about candlestick charts and how to interpret them. |
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