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🔛 Candlestick Psychology: BOTT iq option price, BOTT candlestick analysis, BOTT binary option

2,348 views · Published 3 December 2018 · 3:17 · Indexed 20 September 2026

Channel: BO Turbo Trader · 2018 · Education

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Indicators: 
EMA 3     (blue)
EMA 20   (yellow)
EMA 50   (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

A shadow, or a wick, is a line found on a candle in a candlestick chart that is used to indicate where the price of a stock has fluctuated relative to the opening and closing prices. Essentially, these shadows illustrate the highest and lowest prices at which a security has traded over a specific time period. Understanding candlestick patterns goes far beyond, hard to accept, that candles only represents the psychology of buyers and sellers.

The wide part of the candlestick is called the "real body" and tells investors whether the closing price was higher or lower than the opening price (black/red if the stock closed lower, white/green if the stock closed higher). A shadow, or a wick, is a line found on a candle in a candlestick chart that is used to indicate where the price of a stock has fluctuated relative to the opening and closing prices.

Wicks of the candlesticks along with the body are the story tellers of the candlestick patterns. They are the graphs which represent the mind of the market traders. A wick or a shadow or a tail of a candlestick is a line situated above and below the body of the candlesticks. They may be long, short or missing. Bullish Doji Star Reversal Pattern. Definition: The Bullish Doji Star pattern is a three bar formation that develops after a down leg. The first bar has a long black body while the next bar opens even lower and closes as a Doji with a small trading range.

We will focus on five bullish candlestick patterns that give the strongest reversal signal. 


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