What is the difference between bullish and bearish candlestick patterns?

Bullish candlesticks are presented in white color (or empty inside), while the bearish candlestick patterns are visualized using black (or filled in). Candlestick patterns usually vary in their shape. Some have longer tails and shorter wicks, while others have longer wicks and shorter tails.

What is a bullish engulfing Candlestick?

Bullish engulfing candlestick formations indicate that the buying interest in the particular asset is exceeding the selling one. This reversal pattern is formed by two candles. The first one is bearish, while the second is the bullish one. The bullish (the white/green candle) covers the bearish one (the black/red candle) completely.

What is a bullish breakaway candlestick pattern?

You ought to look for a confirmation in the shape of a bullish candlestick and you should do it right away. The bullish breakaway candlestick pattern is viewed as theopposite of its counterpart, the bearish breakaway, which also consists of five bars. This pattern manifests itself during an upward trend in the market.

What is a bullish Harami candlestick pattern?

A bullish harami candlestick pattern is a two-candle pattern used to predict a reversal in the current trend. It is considered a bullish pattern because it appears at the bottom of a downtrend and may indicate that the trend is to reverse to an uptrend.