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Date published: Sun, 05 Sep 2010 10:23:22 GMT
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Bullish candlestick formations
Piercing Line
The first candle is a long bear candle followed by a long bull candle. The bull candle opens lower than the bear’s low but closes more than halfway above the middle of the bear candle’s body.
Bullish Engulfing Lines
This pattern is strongly bullish if it occurs after a significant downtrend (it may serve as a reversal pattern). It occurs when a small bearish (filled-in) candle is engulfed by a large bullish (empty) candle.
Morning Star
This is a bullish pattern signifying a potential bottom. The star indicates a possible reversal and the bullish (empty) candle confirms this.
Bullish Doji Star
This star indicates a reversal and a doji indicates indecision. Thus, this pattern usually indicates a reversal following an indecisive period. You should wait for a confirmation before trading a doji star.
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