VARAUSD - Lets Talk About the Elusive 80/20 Candle

I love the 80/20 candle...

I have a version of the fib retracement tool on my chart. In this case I am measuring the weekly candle VARA is in right now from top to bottom.

As you can see the wick of the candle is almost 80% of the entire candle and the stick is almost 20% of the candle. This bullish signal doesn't have to be perfect but when I am hunting for wicks on the weekly chart, this my friends is the candle I want the most and the longer that wick is the prettier the reversal can be.

I am not a financial advisor. Stay save my friends.