📚 Price Action: binary option trading – candlestick – binary options price action trading strategy

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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)

Well, the whole idea of studying candlestick patterns is to attempt to predict what will happen in the future. Candle volume charts are among the easiest to use for predicting intraday price fluctuations. These charts use the capability of both the candlestick price chart and the volume chart.

You could look at learning some common candlestick patterns if you are into that style of trading. Bollinger bands are another statistical trend tool that chartists use to predict intraday price charts. The candlestick chart shows the day high, the day low, the opening price and the closing price for each of the previous trading days. Volume stats are added to the candlestick chart to tell traders of the pressure behind every price tick.

It, too, comes with many electronic trading softwares. Bollinger bands indicate the upper and lower thresholds at which the current price is likely to fluctuate. It uses the price trend from the past 20 days to make that prediction.

The upper and lower bands are only estimates, but they are indicative of price points that can infer a bullish or bearish trend if crossed. Never you can’t predict next candlestick why because at least many traders trade in 5 minutes or 15 mnts in intraday buy myself and my student trade in 3 minutes candlestick this 3 minutes is just for entry candlestick pattern doesn’t works in this 3 minutes but comparing with volume,channels and levels you can find a right entry with small stop loss so learn and earn on your own.

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