Sandunes, if you draw that chart using the bodies instead of the wicks, it's a clear breakout. I usually do both and compare. Which one is more correct here, beats me. 7/14/24
I like that idea and have stuck to it in the past. After monkeying with crypto markets the wicks seemed to make more sense. Those markets take their volatility seriously, or as reality, in my opinion.
@Mr. Wizard, I like line charts rather than using the body of a candle on longer time frames. Wicks seem more useful on short time frames like day trading futures. Just another filter to apply to the analysis. 7/14/24
Which one is more correct here, beats me. 7/14/24