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The chart pic posted by the OP seems to highlight pin bars. Pin bars/candles have large wicks/shadows that often form at the extremum of price swings. Such a wick indicates a potential swing reversal point. To be valid, a pin bar's extreme wick must be several times taller than the body of the bar, and the opposite wick (in the direction of your trade) must be short or completely absent. Note that the OP posted a daily chart--likely because pin bars are more effective on higher timeframes.
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By Stocks4life · Posted
COST Costco stock range breakout at https://stockconsultant.com/?COST -
By Stocks4life · Posted
ADMA Adma Biologics stock nice breakout at https://stockconsultant.com/?ADMA -
By Stocks4life · Posted
FOUR Shift4 Payments stock watch for a top of range breakout, earnings 11/12 pMkt a https://stockconsultant.com/?FOUR
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