Bullish Candlestick : What is Bullish Candlestick and How It Works
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 CandlestickOf 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.
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
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”
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).
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).
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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Good article ����
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