What a wick is doing in the first ninety minutes

Close view of a hand-drawn candlestick with a long wick in copper ink

A wick is the thin reach beyond a candle's body. At this desk it matters when it meets a level that was already on the sheet, and when you can say where the candle closed.

Body and wick

The body is the distance between the open and the close of that interval. The wick is the distance price travelled and then left. Both are ordinary parts of a candlestick. Neither one is a verdict by itself.

In the first ninety minutes the chart is busy. Many wicks are the ordinary noise of the open. The ones we stop for touch a prior high, a prior low, or the opening range once that range is complete, and then close back on the inner side of that level.

Through and back

Picture a prior-day high already ruled in pencil. A five-minute candle pushes through it and closes back below it. The wick records the push. The close records the refusal. Sitters often name this a break because they watched the push. The sheet asks for the close.

If the close is back inside, the sentence is: wick through the prior high, close back inside. If the same candle closes beyond the level, the sentence changes. You do not upgrade a wick because the push felt large.

Wicks that meet nothing

The first ninety minutes also produce wicks that touch nothing on the sheet. We leave them unnamed. Naming them trains the eye to flinch at every spike.

Evening two of the intensive is a single printed session and a pencil. Two or three circles is a full page. Fifteen circles usually means the levels were not chosen yet.

Sit with the intensive