Bullish Candlestick Patterns2


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Second presentation of bullish candlestick patterns. This time more patterns included. Enjoy

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Bullish Candlestick Patterns2

  1. 1. <ul><li>Presents </li></ul>
  2. 2. Bullish Candlestick Patterns Bullish Rising Three Methods Pattern <ul><li>Trend – Bullish Continuation </li></ul><ul><li>Occurs – After a Halt in Uptrend </li></ul><ul><li>No. of Sticks – 3 or more </li></ul><ul><li>Reliability – High </li></ul><ul><li>Confirmation - Suggested </li></ul>Key to Find - A bullish candlestick opens a gap below & closes above mid-point of first candlestick. Know More : Bullish Rising Three Methods Better if - The middle candlesticks are too short or doji
  3. 3. Bullish Candlestick Patterns Bullish Mat Hold Pattern <ul><li>Trend – Bullish Continuation </li></ul><ul><li>Occurs – After a Halt in Uptrend </li></ul><ul><li>No. of Sticks – 5 </li></ul><ul><li>Reliability – High </li></ul><ul><li>Confirmation - Suggested </li></ul>Key to Find - Small 2 nd day candlestick gapping above long 1 st day candle, short 3 rd & 4 th day candlesticks on upper range of 1 st candlestick & a long bullish candlestick on 5 th day. Know More about Bullish Mat Hold Pattern
  4. 4. Bullish Candlestick Patterns Bullish Kicking Candlestick Pattern <ul><li>Trend – New Bullish Trend </li></ul><ul><li>Occurs – No Important </li></ul><ul><li>No. of Sticks - 2 </li></ul><ul><li>Reliability – High </li></ul><ul><li>Confirmation - Needed </li></ul>Key to Find - A bearish and a bullish marubozu candlestick on successive days, second one open a gap above 1st candlestick. Know More about Bullish Kicking Pattern Better if - More gap, lengthy candlesticks & increased trading volume .
  5. 5. Bullish Candlestick Patterns Bullish Belt Hold Candlestick <ul><li>Trend – Bullish Trend Reversal </li></ul><ul><li>Occurs – After a Downtrend </li></ul><ul><li>No. of Sticks – 1 </li></ul><ul><li>Reliability – Low </li></ul><ul><li>Confirmation - Essential </li></ul>Key to Find – A long bullish opening marubozu candlestick which opens below a gap and closes close to highest price of the day. Know More about Bullish Belt Hold Better if – Lengthy candlestick & prior trend is weakened.
  6. 6. Bullish Candlestick Patterns Bullish Harami Cross Pattern <ul><li>Trend – Bullish Trend Reversal </li></ul><ul><li>Occurs – After a Downtrend </li></ul><ul><li>No. of Sticks – 2 </li></ul><ul><li>Reliability – Medium </li></ul><ul><li>Confirmation - Essential </li></ul>Key to Find – A doji candlestick after a long bearish candlestick. Know More about Bullish Harami Cross Better if – Decreased trading volume & short shadows.
  7. 7. Bullish Candlestick Patterns Bullish Upside Tasuki Gap <ul><li>Trend – Bullish Continuation </li></ul><ul><li>Occurs – In an Uptrend </li></ul><ul><li>No. of Sticks – 3 </li></ul><ul><li>Reliability – Medium </li></ul><ul><li>Confirmation - Essential </li></ul>Key to Find – Two long bullish candlesticks, second one gaps above first. Third day is bearish but closes within the first formed gap. Know More about Bullish Upside Tasuki Gap Better if – Increased gap, decreased trading volume, similarity of 2nd & 3rd candlestick.
  8. 8. Bullish Candlestick Patterns Hammer & Inverted Hammer <ul><li>Trend – Bullish Trend Reversal </li></ul><ul><li>Occurs – After a Downtrend </li></ul><ul><li>No. of Sticks – 1 </li></ul><ul><li>Reliability – Low </li></ul><ul><li>Confirmation - Essential </li></ul>Key to Find – Hammer: a short bodied candlestick with no upper shadow but long lower shadow. Inverted Hammer: well, hammer inverted. Know More about Hammer & Inverted Hammer Better if – Lengthy lower shadow, decrease in trading volume.
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  10. 10. Thank You <ul><li>Happy Trading </li></ul><ul><li>Noble Trading </li></ul>