BULLISH CANDLE STICK PATTERN
Hammer Candle Charts:-
The hammer candlestick is a bullish trading pattern that suggests a stock has found its bottom and is poised for a trend reversal. It means that sellers entered the market and drove the price down but were eventually outnumbered by purchasers, who drove the asset price up.
Inverse Hammer Candle Charts:-
The inverted hammer candlestick pattern (or inverse hammer) is a candlestick that appears on a chart when there is pressure from buyers to push an asset's price up. It often appears at the bottom of a downtrend, signalling potential bullish reversal.
Bullish Engulfing Candle Charts:-
The bullish engulfing candle encourages traders to assume a long position. It means that traders should buy the stock and hold on to it, with the intention of selling it in the future at a higher price.
Piercing Line Candle Charts :-
A piercing pattern is formed in candlestick charts when a bearish candle is followed by a bullish candle that opens below the previous close and closes above the midpoint of the bearish candle. It suggests a potential reversal of a downtrend.
Morning Star Candle Charts:-
A morning star is a visual pattern consisting of three candlesticks that are interpreted as bullish signs by technical analysts. A morning star forms following a downward trend and it indicates the start of an upward climb. It is a sign of a reversal in the previous price trend.
Three White Soldier Candle Charts :-
Three white soldiers is a candlestick chart pattern in the financial markets. It unfolds across three trading sessions and represents a strong price reversal from a bear market to a bull market.
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