Bullish Candlestick : What is Bullish Candlestick and How It Works

By Danuarzani - November 10, 2021

 

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A candlestick reversal pattern is a pattern that can show us that a trend change will occur, either from a downtrend to an uptrend or vice versa.

If you understand these candlestick reversal patterns you will be able to know when a trend will change. That way you will be able to make the right decision on stock transactions or other investment instruments (sell or buy) at the right time.

Read also: Introduction To Candlestick

Of course, if you make the right decision and at the right time, you can maximize the benefits that you will get. Basically there are 3 types of candlestick patterns, which are as follows:

• Single candlestick pattern

• Double candlestick pattern

• Triple candlestick pattern

In this article, we will learn about a single reversal bullish candlestick pattern, this means that it is a candle pattern that will give an uptrend signal.

SOUTHERN DOJI

1 candle format.

Started with downtrend.

the opening price and closing price are almost the same, so the candle looks like it has no body.

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Your-blogchain.blogspot.com

SOUTHERN LONG-LEG DOJI

1 candle format.

Started with downtrend.

the opening and closing prices are almost the same.

the candle looks like it has no difference with the Southern Doji only lies in the "long shadow".

This Southern Long-Leg Doji has more upper and lower shadows long

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Your-blogchain.blogspot.com

DRAGONFLY

1 candle format.

Started with downtrend.

The candle has a long lower shadow.

The opening price, closing price, and high price are almost the same.

The candle looks like it has no “body”

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Your-blogchain.blogspot.com

HAMMER

1 candle format.

Started with downtrend.

The candle has a long lower shadow

The opening price and closing price are not far apart so the candle appears have a small body.

Candles can be black (bearish) or white (bullish).

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Your-blogchain.blogspot.com

INVERTED HAMMER

1 candle format.

Started with downtrend.

Candle has a long upper shadow.

the opening and closing prices are close together so the candle appears to have a small body.

Candles can be black(bearish) or white (bullish).

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Your-blogchain.blogspot.com

BULLISH BELT HOLD

1 candle format.

Started with downtrend.

the opening price of this candle is a gap-down from the previous candle but then the closing price closed higher far above the opening price, so the body of the candle is white (green) and long, similar to the White Marubozu.

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Your-blogchain.blogspot.com
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