Post
Topic
Board Trading Discussion
Re: Explain this trade, earn my respect
by
pixie85
on 25/04/2020, 21:39:18 UTC
Candles with long wicks appear when theres a big trade in that time period but it closes at the level of the candle.

Someone did a large purchase but the majority of purchases on that day were much lower.

Such wick doesn't show on other exchanges because it's the candle closing that counts for the indexes so nobody cares if an exchange wicks above or below the average.