A price chart pattern where an asset experiences a significant, rapid price drop before recovering to close much higher within a single trading period.
A 'wick' on a candlestick chart represents the high and low prices reached during a specific trading period. A 'deep wick' indicates that the price of an asset experienced a substantial and rapid decline from its opening or previous closing price, but then recovered significantly to close much higher. This often suggests strong buying interest emerging at lower price levels.