Bullish Candlestick I

We have already seen some bullish candlestick, such as the inverted hammer or hammer. This section will explain the more candles upside classified as follows for their reliability, high, moderate, weak. Ie, go from the highest to the weakest.

Abandoned Baby



This candle is a rare case in the bullish candlestick is characterized by a long descent followed by a Doji or a small candle, candle followed by a climb.

This training shows a formation of three classic where after a bearish trend, the buyers took control by making the prices rise. In a first step buyers stopped falling prices (as a Doji) and then changed the direction of the trend.

The first candle indicates a continuation of the descent. This movement is followed by a Doji, where the trade: a small margin indicating an uncertainty in the trend and a potential price rally. After that indecision, a bullish candle confirms that buyers are focusing and forcing a change and a rally in prices. The stronger the upward movement, the stronger the signal change.

Characteristics

• The first candle indicates a bear market.


• In Doji, the shadows are trades below the close of the first candle


• then opens a bullish candle, which Trading over the first candle, which can be large or small shadows shadows.

Morning Doji Star



This candle gives us a very strong signal of change. Morning Star formation is characterized by a continuation of the bearish trend followed by a Doji, and indicates some uncertainty as to the strength of the trend.

The formation or Doji Doji Star, which shows an upward trend indicates moderate force. After hesitation, the change in trend is confirmed when you create a bullish candle, which makes a rally in his ascent. The stronger is the increase in candle, the stronger the signal change.

It must be said that in the Forex market this training is almost similar to the Abandoned Baby. In Forex market analysts are not looking for gaps (holes) to identify the strength of the Morning Doji Star. Gaps in the Forex are rare because int Forex we trade 24 hours.

Characteristics

• First we see a bearish candle which is a continuation of a bearish trend.


• Then a Doji appears in which the opening and closing prices are equal.


• then opens a bullish candle

Three Inside Up



In this formation until the second candle is a bullish Harami simple. The training gives us a Harami stop showing that buyers have slowed down the strong. This training usually precedes a rally in prices.

With just a Harami, analysts generally expect a confirmation to enter long (buy). Three Inside Up This training gives us the confirmation.

Of course be needed for further confirmation to take force, the third candle must close above the first candle, and thus taking a new high (high). This training suggests that buyers take control of a bearish trend and are pending the time they enter.

Characteristics

• After a bearish trend, the first candle will appear in a bearish candle.


• next candle will be a bullish candle which should not exceed half of the first candle.


• The third candle will be a bullish candle that closed above the first candle.

Three Outside Up



This is a clear pattern in the cutting of the trend. Indicates that buyers have taken control of the situation, and therefore has slowed the fall, and precedes a continued rally in prices. Until the second candle is a bullish Engulfing, which in itself is a strong signal of change.

Characteristics

• After a bearish trend established, it remains a bearish candle


• The second candle which wraps the first closing above the opening price of the first candle.


• The third candle, which is rising, prices closed above even the second candle.