When a daily candle wicks above resistance and closes near the high, it's often a stop-loss hunt that triggers buying pressure. Recognizing this pattern lets you anticipate the move instead of getting trapped on the wrong side.
when I approach the chart, I would always look at the daily candle forming with a wick above this area. I would always anticipate that this daily candle is going to form like this, and it may end up looking like that. 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. Everybody that got short in this candle from previous day that is swing trading, etc., etc., when we get a daily close here, the one thing they don't want to see is us trade into this high. The amount of orders that are being stopped At this point, they would be my stop losses. Yeah.
