WICKS AND RANGES Review of Rakeel’s Strategy a comprehensive overview of the wicks ranges ®y : Ashkan Afaridi © orashian.ex | @wicksdontlie | @uncle tedWhat is Wicks ? - Tails on the bottom or up of candle - That means a “Range” For price ( Price going up and down in that area)Rules of use: 1. Wicks are not on support and resistance (Should be Middle of trend ) 2. Wait until Candle close (in which TF you wanna trade , Check always upper TF ) 3. Time Frame : 15-30 and 1H for checking 4, Determine Strong candle and check those Wicks ( Big jump or fall in market ) 5. Should determine TREND Examples : Up Trend Example #1 1. Up Trend 2. Reject at support ( Trend line ) 3. We have upper wick 4. Wait until candle close (open in Lower TF)Major Res Down Wick _— Reject from Res Example #2 We have major Resistance Rejection Bearish candle with down wicks Enter at 3th candle1 Strong Candle Filled <—— Strong Bearish candle Bottom wick Enter after close in down TFUSDJPY-, M15 109.000 [aoneee 08 655-08 Ae ee 108.930 aan rae 108.825 108.790 108.720 108.685 108.650 = 108.615 _ 108.580 14 Apr 11:00 14 Apr 14:00 14 Apr 17:00 14 Apr 20:0€ ¢ w@ & ® Down trend MomentumUSDJPY-, M30 108.617 108.655 108.548 108. 548 Nu Down trend Momentum 109.870 109.770 109.670 109.570 109.470 109.370 109.270 109.170 109.070 108.970 108.870 108.670USDJPY-, M30 108.617 108.655 108.548 108.548 beryl E . i" et 114.900 114.760 114.620 114.480 114.340 114.200 114.060 113.920 113.780 113.640 113.500 113.360 113.220 113.080 15Mar12:00 15Mar18:00 16 Mar 00:00 Wt 7 & Down trend MomentumUSDJPY-, M30 108.617 108.655 108.548 108.548 6 WY 27 Mar 08:00 27Mar11:00 27 Mar 17:00 oe 110.730 110.680 110.630 110.580 110.530 110.480 110.430 110.380 110.330 110.280 110.230 110.180 110.130 110.080 27 Mar 23:0 '# w@ & This candle type is Hint for me (means trend still wanna goes up ) Upper Wick should be fillUSDJPY-, M30 108.617 108.655 108.548 108.548 f SApr08:00 SApri4:00 ‘5 Apr 20:00 et ef Resistance - Rejection - Wicks 111.455 111.360 111.265 111.170 111.075 110.980 110.885 110.790 110.695 110.600 110.505 110.410 110.315USDJPY-, M30 t 108.617 108.655 108.548 108.548 ‘ 23.Mar17:00 23Mar23:00 24 Mar 05:00 “7 ww & Up trend - Wicks 111.520 111.450 111.380 111.310 111.240 111.170 11.100 111.030 110.960 110.890 110.820 110.750 110.680 110.610USDJPY-, M30 108.617 108.655 108.548 108.548 , °29Mar 07:00 29Mar13:00 29 Mar 19:00" “ ht 4 @ & Higher low - Upper Wicks - Filled 111,340 111.290 111.240 111.190 111.140 111.090 111.040 110.990 110.940 110.890 110.840 110.790 110.740 110.690XAUUSD, M30 1284.06 1284.06 1282.36 1282.36 1288.60 1288.30 1287.80 1287.30 1286.80 1286.30 N 1285.80 1285.30 / 1284.80 / I 1286.30 1283.80 #31324333 sal Fz oe ot € 1263.30 1282.80 1281.80 ‘TApr040, AAR 1030 13 Apr 1630 we 7 O & ® Down Momentum - Bottom wick (Source : @wicksdontlieusouey, M30 109.628 109.671 109.614 109,644 30a Apr 1230 TEApr 063012 Apr 09:30 e a © h09.780 109.750 109.720 09.690 109 660 109.620, 109.600 ho 570 109.540 hos.si0 jo9 420 09.450 ho2.420 h09.290 109.960 ‘usouPy, M30 109.628 109.671 109.882 109.585 1 hos-7e0 poss hos.720 109.490 (521228302 Sel, 4 109.660 (e21220240 ea, 21220038 sai hos.620 109.570 hos.s40 ho9.s10 hos, hos4so a 8 ® Rejection - Sell pressure = Wicks (Source : @wicksdontlies.0 fro76s usurx wo 109 702 108.247 109.707 108745 Tone 109798 108707108290 hose los vos [pee nosi0 I noses I 110340 I 110.170 — age wis gf come Favre QD ML hada jros's76 4 TART IPOO TC JVapr 1300 TT Apr T60O —Wapri600 Tape 18:00 — Wf TR eo FT Apr 15:00 110.765, |r06e0 noses nosio 110340 ni0.25s 110.170 r10.085 {110.000 hossrs 109.620 109.745, hros.660 109.575 ¢ @ & ® Higher Low - upper wicks - Filled (Source : @wicksdontlie )usouey. 41 199.313 117 949.111.280 111.340, 111.590 usouPy, 1 111.313 111.315.191.306 111.307 | a 1.880 oe imsi0 ris 1.470 111.480 111.430 poe 111.390 nn4i0 \ ines yy hata an270 411.230 i375 1340 11.190 11.270 ann.180 15 an.nt0 Rare 1n.970 [a ses 111.080 OApr0500 70 Apr0800 TO ADeTS Og ~ TOA O00 TOAWOEDO —TOApr 1400 Ao # WH 7 @ 8 ® Higher Low - up trend - Upper wick (Source : @wicksdontlieXAUUSO. MIS: AUUSD, M30 1257.01 1257.03 1256.08 1256.15. 1259.00 1257.01 1257.03 1256.16 1286.24 er 1258.60 1258.55 1258.20 2582 1258.20 1257.80 125785 1257.40 125750 #217152996 eet 1287.00 921193825 sel 128715 1 1256.60 \I oon 1256.80 1255.80 cect 1256.10, 1255.40, | ute 125575 aa5060. ae Sad 125505, 71253 80 125470 j2840 vas4as TTApeOSTS—TVApeO8TS TT Apr TENS TW Apr 600 TT Apr 09:00 11 Apr 1200 Pa oH # ¢ @ 8 ® Rejection - Sell pressure - Down trend - Wicks (Source : @wicksdontlie