Candlestick bull patterns

. Posted in Forex Material - Accordeon Candlesticks

Pattern name Identification method Pattern

Bullish Morning Star

(next candle is bullish)

First day is a long bearish candle. 

Second day gaps below the first day's close.

Third day is a long bullish candle.

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Bullish Engulfing

(next candle is bullish)

The first day's body's direction reflects the trend, however could be a doji. 

The second day's real body engulfs the first day's body.

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Bullish Harami

(next candle is bullish)

The first day is a long bearish candle. 

The second day is a short day whose body is engulfed by the first day's body.

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Bullish Kicking

(next candle is bullish)

First day is a black marubozu. 

Second day is a white marubozu and gaps open above the first day's close.

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Bullish Piercing Line

(next candle is bullish)

First day is a long bearish candle. 

Second day is a bullish candle which opens below the low of the first day. 

Second day closes within, but above the midpoint of the first day's body.

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Bullish Hammer

(next candle is bullish)

Small real body at the upper trading range. Color of the body is not important.

Long lower shadow at least twice the length of the body. 

Little or no upper shadow. 

Previous trend should be bearish.

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