What is a bearish candlestick pattern?

The bearish candlestick pattern follows the same line of thought, the only difference is that it is a bearish reversal pattern that occurs at the top of an uptrend. The first candle is a bullish candle that signals the continuation of the uptrend, before the appearance of the powerful bearish candle that completely shuts down the prior candle.

What is a bullish candlestick chart?

Candlestick charts are useful for technical day traders to identify patterns and make trading decisions. Bullish candlesticks indicate entry points for long trades, and can help predict when a downtrend is about to turn around to the upside. Here, we go over several examples of bullish candlestick patterns to look out for.

What is a bullish Harami Candlestick?

The Bullish Harami is a trend reversal pattern that takes place when the market is heading down. It can be spotted when a white/green small-bodied candlestick appears after a series of bearish (black/red) candlesticks. Aside from that, the bullish Harami candlestick should be contained within the body of the previous day’s candlestick.

What are candlestick patterns?

Candlestick patterns are among the components of technical analysis that are utilised the most frequently. For those who aren’t familiar, a candlestick is a type of chart that not only shows the highest and lowest prices for a given period of time but also the daily opening and closing prices.