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Okay in this video we're going
to be discussing wick fills.
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Now wick fills is quite
contrary to exhaustion wicks.
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So but the wicks are still the
same. We can't change our
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wicks. But when a wick fill
happens it only happens in high
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volume times. Okay. Meaning
this wick will come and be
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filled in high volume times. So
if this wick gets rejected then
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this becomes a exhaustion wick.
Okay now on this sketch that I
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drew for you guys I want you
guys to take note of this it's
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this is our wick full happens.
Now this is a H 4 candle. This
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is our 30-minute candle. 30
minute candlesticks okay. Now
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this candle right over here
closed at with an exhaustion
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wick. Now this wick leaves us
with one thing.
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It leaves us with a range.
Meaning if it's closed and it's
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high volume time example a
fundamental event was released
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or the session just opened with
some high fundamentals backing
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it or whatever the reason may
be it has to be in high volume
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times. Then this week is going
to be filled because what this
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means what this mean week to
the downside means it is purely
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a retracement of the overall
trend. So now over here you're
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going to find some sort of
confluence with a Wickfill
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concept and then the market
will This will give you a great
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confluence reason to go back to
the upside. Coming back and
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testing this high. So this will
then be this candle stick. So
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this would be the H four.
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And this will be the M thirty.
So that is basically what the
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wig-4 means. It's the the first
of the the four hour candle
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stick the market went up.
Formed some sort of resistance
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then hê came back down in the
second half or let's say the
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last thirty or last hour. Then
hê came back down creating this
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wick. This wick region here.
And then as soon as a new
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candle opened and we had some
sort of let's say a trend line
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bounce or a break of support or
a touch of its support or a
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break of resistance. Whatever
the case may be might be. You
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found your reason to buy and
you found a reason to go long
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and this would then give
confluence for us to come back
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and test this high. Okay. So
that is what a wick fill is.
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Let's let's do another example
but we doing it in a bearish
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market. So let's say This is
our H four candle.
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As you can see I'm basically
forcing you guys to use
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multiple time frames. And this
is our M30 candles. Okay so
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let's draw it out. Come on.
Okay. As we drawing it out we
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can clearly see okay the market
is making a downtrend. Let's
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draw some sort of a retracement
to the upside.
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And then
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It is making a downtrend. It is
coming down to this. It is
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exactly the same as what's
happening here. And then all of
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a sudden before the market
closes or for the candle closes
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we have this rejection to the
upside.
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Okay. Now we have this on the
30 minute and this on the H 4
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candle. So what we are
anticipating in high volume
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time is for the market to come
back down and retest this low
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right over here. But remember
our rule it should not break
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this high. Because if it breaks
this high what does it mean? It
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means it's breaking this
structure right over here. Okay
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so it should not break this
high this wick should not break
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this wick. So any where right
over here it can form anywhere
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in this region. It can form a
new candlestick. So then we
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basically just anticipating the
market to continue going down.
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Let's let's draw another small
bullish candle at the beginning
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of the this is this wick and
then we get that bearish
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movement to the downside. You
can enter on the close of this
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bearish engulfing and then the
market coming to test this low
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right over here. So that's
basically what a wick fill is.
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Okay it's the market coming
down to test in a quote unquote
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exhaustion level and that
exhaustion level being tested
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in high volume times. Okay so
it has to be with immediate
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effect. Meaning you can't have
this exhaustion zone and say
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that's going to come and be
tested. No. It's it does not
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happen that way. It has to be
with immediate effect. Okay so
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and usually on the 30 minute
you we don't do that. We don't
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look at wickfills on the 30
minutes. For example right over
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here we can see we have this
wick fill this wick this
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exhaustion wick it created an
exhaustion zone but then the
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market retraced and it back up
to go and fill the top of this
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week. So that is a week fill.
Um Another example. Marker came
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back down, created an
exhaustion wick, came back up,
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showed a retrace and then came
back down, filled this wick. So
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the main thing I want you guys
to know that differentiates a
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wick fill from an exhaustion
area or an exhaustion wick is
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the volume. That's it. It's
just the volume. We need volume
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to fill wicks. So for example
over here you can see this what
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this could have been a wick
fill. No doubt. But the overall
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trend was down. Okay you have
to take that into
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consideration. And the volume
was just in this example more
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to the downside. So I'm not
going to be sugarcoating any
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any situations. The market was
just a little bit more
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favourable to the downside. So
we did not get that push to the
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upside. But the main trend was
down. So we're not going to
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have a a wick full in this
scenario. A wick full happens
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when you are with a trend and
you have volume. Let me type it
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out.
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You stick with the trend.
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Okay. So this was a pure
wickfall. We add volume to the
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upside. We had volume to the
upside. The market came
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retraced a little bit and then
it filled this wick. Let's look
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at this on a shorter time
frame. Let's just mark it out.
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As you can see the market
created a high. This was the
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wick it created. Remember these
three bearish candles was the
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wick. And then it gave us a
bullish engulfing. And the
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market came up and retested
this wick. And coincidentally
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it was on a daily level. So
that was a good reason for us
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to enter short because the wick
for already happened. With a So
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the market has to be in a trend
otherwise the whole drawing
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that I just did it's not going
to make any sense. It has to be
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The Wickfill is just a retrace
on the smaller time frame.
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Okay. So this is the wakeful.
So I hope it makes sense. Um
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just remember to go and test
this and open your chart and
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then you can view the Wickfills
on your own. And then it will
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start to make a lot more sense.
And slowly but surely
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everything is coming together
for us and we adding a lot of
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more tools into our into our
arsenal. So I hope you guys
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enjoy this section. Good luck
with the assessment. And I'll
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see you in phase three.
10364
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