A wick is a line on a candlestick chart that shows where an asset’s price is shifting in relation to its opening and closing prices. Wicks can also be known as tails, whiskers, or shadows.
A wick is only a vertical line that aids in visualizing the high and low ranges of price action in terms of financial markets. This means that traders will pay particular attention to the beginning price, the closing price, and the candlestick wicks while examining a conventional candlestick chart.
Trading professionals can better comprehend market sentiment and momentum by looking at the wicks, which themselves display price extremes. Thus, wicks form as a visible representation of the price movement as it relates to the opening and closing prices.
