Chart Patterns
Wick / Shadow
The thin lines above or below a candlestick body showing price rejection.
Full Definition
A wick (also called a shadow) is the thin line extending from the body of a candlestick, representing prices that were tested but rejected during that period. Upper wicks show prices where sellers overcame buyers; lower wicks show where buyers overcame sellers. Long wicks often indicate strong rejection and potential reversal, especially at key support/resistance levels.
Example
A daily candle shows a long lower wick at a major support level. This indicates buyers strongly rejected lower prices, potentially signaling a bullish reversal.
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