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The Long Wicks pattern refers to candles with disproportionately long shadows relative to their bodies. 

A long upper wick occurs when buyers push prices higher but fail to sustain them, with sellers regaining control. A long lower wick suggests sellers pushed prices down, but buyers stepped in and reversed the weakness.

The body is small compared to the wick, emphasizing rejection rather than trend. Wicks often extend more than twice the body length.

Long wicks expose the vulnerability of one side. A long upper wick shows fading bullish control, while a long lower wick signals that bears were overwhelmed.

Confirmation comes when subsequent candles align with the rejection implied. Strong volume reinforces the likelihood of continuation in the opposite direction of the wick.

Summary of Long Wicks PatternPattern NameLong WicksPattern TypeReversal (context dependent)CharacteristicsCandle with unusually long wick (≥2× body size). Upper wick = rejection of higher prices (bearish). Lower wick = rejection of lower prices (bullish).Preceding TrendUpper wick after rally = bearish signal; lower wick after decline = bullish signal.ExpectationMarket tested extremes but failed to hold; direction bias opposite wick.Trade Entry PointEnter opposite to wick direction: buy-stop above high (if long lower wick), sell-stop below low (if long upper wick).Stop LossBeyond wick extreme.Price TargetNearest swing level; scale out at 1.5–2R multiples. Trail with EMA(8/20) to capture follow-through.

According to CFA Institute research, long wick setups achieve 54–58% reliability when aligned with support-resistance levels and trend context.

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