Bullish Candlestick Patterns Bullish Rising Three Methods Pattern
Trend – Bullish Continuation
Occurs – After a Halt in Uptrend
No. of Sticks – 3 or more
Reliability – High
Confirmation - Suggested
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
Bullish Candlestick Patterns Bullish Mat Hold Pattern
Trend – Bullish Continuation
Occurs – After a Halt in Uptrend
No. of Sticks – 5
Reliability – High
Confirmation - Suggested
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
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 .
Bullish Candlestick Patterns Bullish Belt Hold Candlestick
Trend – Bullish Trend Reversal
Occurs – After a Downtrend
No. of Sticks – 1
Reliability – Low
Confirmation - Essential
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.
Key to Find – A doji candlestick after a long bearish candlestick. Know More about Bullish Harami Cross Better if – Decreased trading volume & short shadows.
Bullish Candlestick Patterns Bullish Upside Tasuki Gap
Trend – Bullish Continuation
Occurs – In an Uptrend
No. of Sticks – 3
Reliability – Medium
Confirmation - Essential
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.
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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