Bullish Candlestick II

Continuing with the theme of bullish candlestick we need to explain following Candles, Three White Soldiers, Breakaway, Doji Star, Dragonfly Doji.

Three White Soldiers



After a bearish trend, three consecutive candles upside which closed higher than the one above, act as an indicator, of course tells us that an upward trend, and will ensure that an upward movement.

Sometimes this will mean that playing a key support. The three candles, as we are growing, and the closure of three candles is near the maximum.

Characteristics

• After a bearish trend, three candles upside open.


• Each candle close above the previous candle.

Breakaway



The first candles indicate that the strength of the trend is expected to accelerate slightly. As of the third candle now weaker movements tell us that fall has begun to slow.

In fact the first three to four candles are consistent with the formation Three Stars in the South (Three Stars in the South), a formation that will be seen below. Training Three Stars in the South (Three Stars in the South) is not exactly a strong bullish formation, and traders expect a confirmation for an upward change.

The last candle Breakaway's confirmation gives us just that. After a few days during which the trend has weakened, the last candle in this way appears to reorient the direction of the market. Normally traders expect bullish candle that closes at least above the body of the second or third candle, in this way for a confirmation.

The number of candles that we should seriously intermediate four bearish candles (red) before the last bullish candle (green), but in reality the candles would only be two, three or even five candles we suggest the weakening of the trend. Thus the search for Traders 4 candles (not counting the last candle) to confirm the training, but training would be similar.

Characteristics

• first candle would be a bearish candle continuing the bearish trend.


• candles second, and third and fourth also continued the downward trend but with smaller bodies, but it would be much weaker than the first bearish candle


• Teh fifth candle would be a bullish candle which would close about half of the first candle of the body or slightly above the second.

Doji Star



The Doji Star starts in a bear market with a bearish candle (red) high. The next candle is Trading in a small room and closes the opening price or close the opening price. This small margin tells us that there is indecision in the market, it is considered that the smaller the Doji shows that a strong signal of change. This indicates that sellers are losing control, the momentum is weakening and buyers picking up this control.

For a strong confirmation of the trend, we will see third bullish candle to close higher. In the same way on the third day of Abandoned Baby or the Morning Doji Star

Characteristics

• The first candle is a candle bearish (red).


• The second candle is a Doji which opens at the closing price of the previous candle.


• The shadows of the Doji should not be long.

Dragonfly Doji (Flying Dragon)



In a bear market shows a loss of sales force, as prices fell to new minimum, but buyers took control of the tendency at the close of the candle.

Although this training is a moderate to weak signal is a warning that the bearish trend is losing its momentum and the possibility of a change to an uptrend.

Many traders wait for a confirmation signal, waiting for a bullish candle (green).

The Dragonfly Doji occurs in soil (background) of a bearish trend. It is very similar to the Hammer, but with the exception that the Dragonfly Doji prices for opening and closing are very close (no body). The Dragonfly is more reliable than the Hammer and is usually a bullish signal stronger.

Characteristics

• This formation is stronger after a bearish trend.


• Candle is formed with a very small or no body and a long lower shadow.


• Shade is twice as the body (if any) of the candle.


• It has a small or no upper shadow (upper shadow).