15 Bullish candle patterns that helped me earn $12000 from $100. Learn from Messi traders use
When it comes to trading, candle patterns play a critical role in predicting market movements. While many traders are familiar with the common patterns like the Hammer, Bullish Engulfing, or Morning Star, there are lesser-known yet equally powerful patterns that can indicate bullish reversals. These patterns are not commonly taught but can be incredibly valuable for traders who wish to gain an edge. Here are 15 bullish candle patterns that might not be in the mainstream textbooks but are essential for your trading toolkit.
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1. Three Line Strike
The Three Line Strike is a four-candle pattern where three consecutive candles move in the direction of the trend, followed by a fourth candle that completely engulfs the previous three. In an uptrend, this pattern signals a continuation of the bullish momentum despite the temporary pullback.
2. Bullish Belt Hold
This pattern starts with a gap down, but the candlestick closes near its high for the day, creating a long white candle. The Bullish Belt Hold pattern signifies a strong rejection of lower prices and a potential upward reversal.
3. Kicker Pattern
The Kicker Pattern is a two-candle pattern where the first candle moves in the direction of the trend, and the second candle opens with a gap and moves strongly in the opposite direction. This sudden shift indicates a powerful reversal, often leading to significant bullish movement.
4. Tweezer Bottom
Tweezer Bottoms occur when two candles have nearly the same low, with the first being bearish and the second bullish. This pattern indicates that the bears tried to push the price lower but failed, leading to a reversal as bulls take control.
5. Mat Hold
The Mat Hold pattern begins with a long bullish candle, followed by several small candles that slightly retrace, and then another strong bullish candle. Unlike the common continuation patterns, Mat Hold can sometimes indicate a stronger bullish move after the brief pause.
6. Bullish Abandoned Baby
The Bullish Abandoned Baby is a rare three-candle pattern that starts with a bearish candle, followed by a Doji (a candle with almost the same open and close price) that gaps down, and then a bullish candle that gaps up. This pattern shows a dramatic shift in sentiment, often leading to a strong bullish reversal.
7. Piercing Line with Confirmation
The Piercing Line pattern is relatively common, but when followed by a confirming bullish candle, it gains additional significance. The pattern begins with a bearish candle, followed by a bullish candle that closes above the midpoint of the previous candle. The confirmation candle solidifies the bullish sentiment.
8. Inverted Hammer
An Inverted Hammer appears after a downtrend and features a small body with a long upper wick. This pattern indicates that buyers attempted to push the price higher but faced resistance. However, the pattern’s appearance at the bottom of a downtrend often signals a potential reversal.
9. Three White Soldiers with Shadows
Three White Soldiers is a well-known pattern, but when these soldiers have long lower shadows, it indicates strong buying interest despite attempts to push the price down. This variation adds weight to the bullish reversal signal.
10. Bullish Harami Cross
A Bullish Harami Cross is a two-candle pattern where a small Doji is entirely contained within the previous bearish candle. The Doji represents indecision, and when it follows a downtrend, it can be a sign that the trend is losing steam, leading to a bullish reversal.
11. Rising Three Methods
This pattern consists of a long bullish candle, followed by three small bearish candles that stay within the range of the first candle, and then another long bullish candle. The Rising Three Methods pattern suggests that the bulls are firmly in control, and the brief pullback is just a pause before the uptrend continues.
12. Three Outside Up
Three Outside Up is a three-candle pattern where a bearish candle is followed by a bullish engulfing candle, and then another bullish candle that closes higher. This pattern is a strong indicator of a bullish reversal, particularly after a downtrend.
13. Side-by-Side White Lines
In an uptrend, when two or more bullish candles appear side by side with similar highs and lows, it forms the Side-by-Side White Lines pattern. This pattern indicates a period of consolidation before the trend continues upward.
14. Concealing Baby Swallow
The Concealing Baby Swallow is a four-candle pattern that occurs during a downtrend. The first two candles are long bearish candles, followed by two small bullish candles that are engulfed by the second bearish candle. This pattern is rare but indicates a strong bullish reversal after the bears have exhausted their momentum.
15. Ladder Bottom
The Ladder Bottom pattern consists of five candles: three consecutive bearish candles, a Doji, and then a bullish candle. This pattern shows that selling pressure is decreasing, and a bullish reversal is likely to follow.
Conclusion
These 15 bullish candle patterns may not be found in every trading guide, but they hold the potential to significantly enhance your trading strategy. By recognizing and understanding these patterns, traders can better anticipate market movements and capitalize on bullish reversals that others might overlook. Whether you’re a novice or an experienced trader, incorporating these patterns into your analysis can provide you with a unique edge in the market.
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