Bullish Reversal Indicated by Long Wick Green Candle at Key Support

What Does It Mean for Traders?

The long wick signals strength from buyers and a possible reversal or continuation of the uptrend.

It also highlights a potential support zone, as the rejection from lower prices suggests buyers are defending that level.

If you're trading:

Look for confirmation in the following candles (e.g., another green candle or higher highs) before entering a long position.

Use the bottom of the wick as a reference for stop-loss placement since it represents the lowest point before the recovery.