A long wick above means buyers pushed to a level and someone with size said no. Every one of those buyers is now trapped, and their exits become resistance overhead.
A long wick below means sellers drove prices down and they were absorbed. Someone wanted the merchandise badly enough to buy into the panic.
The body is the conclusion. The wick is the argument. And arguments tell you who has the power. This is why identical closes can mean opposite things. A close at 100 after touching 105 is weakness. A close at 100 after touching 95 is strength. Same body, different story.
Most traders read charts by scanning bodies and patterns. The information hiding in rejection, the places where price tried and failed, goes unread.
Next time you open a chart, look at the wicks first. Ask what was attempted, and who stopped it. Price is negotiation. Wicks are the offers that got rejected.