Institutional Candlesticks Types - Upmarket Academy

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Institutional Candlestics Types

There are broadly two types of institutional candlesticks:

Candles with big wick – Rejection candlesticks
Full body power candles – Shows strong decisions

Candles with big wick

Wicks shows important price zones on the chart. Reason being significant wicks on important zones shows rejection of these prices.

Example

A strong engulfing candle at a trendline support along with a demand area marks a new higher low creation.
As a result the market broke its last swing high after creating this higher low.

2 - If the market is sideways:

● In a sideways market. We should wait for a range breakout/breakdown and then make our decision on re-test.

Example

A strong wick rejection on an important psychological rejection level of 20,200 showed us the presence of institutions on these levels rejecting these price zones.
As a result the market tried again to claim these levels with an up move but failed and saw significant selling from there.

Full body power candle

Full body power candles show domination at particular levels in the markets. Only institutions have the capacity to move the market in a way that such full body power candles are formed.

Example

Strong full body power candle on an important support showed institutional interest at these price levels.
As a result the market again tried to claim these levels but got rejected and saw a significant up-move from levels.

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Divvyam Parashar,

Founder & CEO
UPMARKET ACADEMY PRIVATE LIMITED

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