The bullish engulfing candlestick pattern looks exactly as the name suggests: a bullish candle engulfing a bearish one. On the first day, there is a black candlestick. It may be of any size, but it usually is not particularly long.
The bullish harami candlestick is a moderate to strong signal of an upcoming reversal. It happens during a bearish downward trend, and the first day of this pattern appears to be a continuation of that trend with a long black candle.
The bullish thrusting lines pattern is perhaps one of the most ambiguous candlestick patterns. It is the exact opposite of the incomplete dark cloud cover pattern. Thrusting lines begins with a long black candle that occurs during a downtrend. The second day looks like it will be another bearish day when it opens below the first day’s close, but instead prices increase, ending with a short to medium candlestick that terminates below the midpoint of the second day’s body.
The bullish inverted hammer candlestick pattern is an indicator of a reversal, and therefore watched by experienced traders. This formation by definition occurs during a strong downtrend. It begins with a long black candlestick on the first day, a continuation of the bearish market that has been dominating. Then, the second day opens near the previous day’s low but closes higher. It roams higher throughout the day than it closes, giving the second day’s candlestick a small white body with [...]
Bullish Doji Star Candlestick Pattern
The bullish doji star candlestick pattern is a rare formation that investors watch for because of its strong indication of a reversal. This star occurs during a strong downtrend. On the first day of the pattern, the bearish market continues with a long black candlestick. On the second day, however, there is a doji, a day that opens and closes at or near the same point. This day generally looks a lot like an addition sign [...]
The Bullish Piercing Line pattern is a sign that the current downturn is going to be ending in the very near future. The market price has hit rock bottom and there is nowhere to go but up. This double candlestick pattern begins with a long black candlestick on the first day. On the second day, there is a white candlestick that begins far below the previous day’s close. However, the second day ends above the previous day’s midpoint, although not [...]
Bullish neck lines are an extremely rare but nonetheless strong indicator that a current bullish trend will continue. These candlestick patterns can come in two different varieties: the in neck lines and the on neck lines. However, these two different patterns share a similar shape as well as other common factors. Both begin with a tall white candlestick that has a long upper wick and little or no lower wick. The second day has a black wick that begins far [...]
Bullish meeting lines is an easy candlestick pattern to recognize once you know what to look for. First, the market must be in a downturn when the candlestick appears. On the first day of the pattern, there is a long black candlestick, followed on the second day by a long white candlestick that is positioned so its body is completely below the first day’s candlestick. The second candlestick is usually shorter than the first. The closing prices for the two [...]
