5 Powerful Bullish Candlestick Patterns every Traderust be aware of (🧵)
1. Hammer: Bullish reversal #candlestick pattern that occurs at the bottom of the #downtrend. The pattern has a lower shadow, which is twice as long as the real body👇
The underlying logic behind the formation of the candlestick is that the #Bears were trying to push down the prices, but were unable to do so👇
2. The Piercing Pattern: The Piercing Pattern Candlestick gives us a potential #Bullish reversal signs, as it formed near the support levels of a downtrend
This pattern consists of 2 Candlesticks: One is a Bearish & he second one a Bullish Candlestick. 👇
This pattern consists of 2 Candlesticks: One is a Bearish & he second one a Bullish Candlestick. 👇
The Bearish one has a large real body and the second one should be below the low of the previous Candlestick👇
3. Bullish Engulfing: The Bullish Engulfing Pattern indicates Bullish Reversal, which concludes a rise in buying pressure.
This pattern indicates a reversal from downtrend, as more buyers enter the #market, and move the prices up after a long downtrend 👇
This pattern indicates a reversal from downtrend, as more buyers enter the #market, and move the prices up after a long downtrend 👇
When Trading with a Bullish Engulfing Pattern, the prior trend should be a downtrend. Engulfing Candles help traders in spotting trend reversals👇
4. The Morning Star: Triple Bullish Candlestick Pattern that includes a Bullish Reversal👇
It is formed at the end of a downtrend, giving us a warning sign that the trend is going to reverse to an uptrend👇
It is formed at the end of a downtrend, giving us a warning sign that the trend is going to reverse to an uptrend👇
The Pattern consists of 3 Candles: A Bearish Candlestick, the second one can either be Bullish/Bearish with a small body, and the third one a Bullish Candle👇
The Prior trend before this trend should be a downtrend👇
The Prior trend before this trend should be a downtrend👇
5. 3 White Soldiers: Occurs at the end of a downtrend, indicating a Bullish Reversal.
This pattern consists of 3 long Bullish Candlesticks which are green and do not have shadows 👇
This pattern consists of 3 long Bullish Candlesticks which are green and do not have shadows 👇
This Bullish Candlestick Pattern signals uptrend reversal because of the strong buying pressure by the Bulls👇
With StockEdge, you can find these Candlestick Pattern scans to filter out Stocks which are showing such patterns: sedg.in
You can pick out Stocks right during the reversal✨
You can pick out Stocks right during the reversal✨
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Learn to avoid False breakouts with a strategy that helps in entry-exit for #SwingTrading
🔗Join Sumeet Mulchandani (@sumeetsmt) here: sedg.in
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