The Wicked Pair

THIS IS SORT OF LIKE A (BULLISH/BEARISH) ENGULFING BUT BOTH THE SAME COLOUR, AND IS A CONTINUATION PATTERN >>> link – THIS PATTERN DOESN’T WORK IN A RANGING MARKET

  • The Wicked Pair ~ is a continuation signal, its basically saying “yeah, your good, where still Bullish/Bearish”, its all about understanding WHY something is happening. You want the overall candlesticks both to be ROUGHLY the same size AND SAME COLOUR per Jerremy, with the close and the wick of the 2nd day candlestick either ABOVE/BELOW the wick of the first day as shown below, this is important to the pattern, think about this Lee (don’t forget, its all vice versa)

wicked pair 3Wicked pair 4

wicked pair

 

The last graphic is a false signal although its still a wicked pair. Its not a really powerful signal, but its more powerful when you are trending, again it’s more about understanding WHY something is happening. This is like saying “yeah, we opened up above and closed above, but its Still a bullish/bearish candlestick” – ie. its a continuation pattern