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Bullish Candle patterns
Hammer
- Description: A single candle with a small body at the top and a long lower shadow.
- Indication: Potential reversal from a downtrend to an uptrend.
Bullish Engulfing
- Description: A two-candle pattern where a small bearish candle is followed by a larger bullish candle that completely engulfs the bearish candle.
- Indication: Strong bullish reversal signal.
Morning Star
- Description: A three-candle pattern consisting of a large bearish candle, a small-bodied candle (could be bullish or bearish), and a large bullish candle.
- Indication: Potential reversal from a downtrend to an uptrend.
Piercing Line
- Description: A two-candle pattern where a bearish candle is followed by a bullish candle that opens lower but closes above the midpoint of the bearish candle.
- Indication: Potential reversal to the upside.