Kardec Trader explains how to read daily candles and wicks to spot trading setups. He treats imbalances and fair value gaps as confluence, uses previous day highs to predict stop-hunts, and reasons that one-sided price delivery creates imbalances that eventually rebalance.
When I approach the chart, I would always look at the daily candle forming with a wick above this area. Okay. Right. If. If this is going to continue, typically we continue from previous day highs, etc. Etc. Right. So I would always anticipate that this daily candle is going to form like this and it may end up looking like that. It may go all the way off the table. Right. Are you identifying fair value gap or is that not really? Is that just an added confluence and you're more focused on the. Yeah, I mean this is would definitely like if there's an imbalance there in price, I. E. The delivery is so one sided, then yeah. I want to see the delivery rebalance 100%. It's the daily high. Right. I don't care if this wick comes all the way down here and there's no high hit. I would still frame this as my version of manipulation. Right. We manipulate above the the previous day higher. Everybody that got short inside of this move here. Everybody that got short in this, this candle from previous day, that is swinging that swing, trading, etc. Etc. When we get a daily code close here, the one thing they don't see is us trade into this high. So the amount of orders that are being stopped at this point. These would be your stop losses? Yeah, they would be my stop losses, yeah.
