BULLISH CANDLESTICK PATTERNS – PART 1

Uploaded by : DreamGains Financials, Posted on : 21 Sep 2015

 
  1. Abandoned Baby Bullish

         1

Identification:

First day is usually a long black candle

Second day is a doji gapping in direction of previous trend

Third day a white candle which gaps in the opposite direction without overlapping shadows

 

  1. Bullish Belt hold line

 2

Identification:

A white body candle in a downtrend with no lower shadow

 

  1. Bullish Breakaway

 3

Identification:

First day is a long black body

Second day is a black body that gaps below the first day

Third and fourth day continue in the direction of the second candle with lower consecutive closings

Fifth day is a long white body candle that closes into the gap between first and second day

 

  1. Bullish Doji Star

 4

Identification:

First day is a long black real body candle

Second day is a doji that gaps in the direction of the previous trend

The shadow of the doji should not be long

 

  1. Hammer/ Dragonfly doji

 5

Identification:

Small real body (no real body in case of dragonfly doji) at the upper end of the trading range

Lower shadow at least twice as long as the real body

No (or almost no) upper shadow

 

  1. Bullish Engulfing

 6

Identification:

First day is a long black real body candle

Second day is a white body candle completely covering the body of the first day

 

  1. Inverted hammer/ Gravestone doji

 7

Identification:

Small real body (or no body in case of gravestone doji) at the lower end of the trading range

Upper shadow usually no more than twice as long as the real body

No (or almost no) lower shadow

 

  1. Bullish Harami

 8

Identification:

First day is a long black real body candle

The second day is a white body candle where the real body is completely covered by the real body of first day

 

  1. Bullish Harami cross

 9

Identification:

First day is a long black real body candle

Second day is a doji within the real body of the previous day

 

  1. Bullish Homing Pigeon

 10

Identification:

First day is a long black real body candle

Second day is a smaller black real body day within the body of first day

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