Bullish Candlestick Patterns: Technical Analysis

Here is a collection of candlestick patterns that have a historical pattern of being bullish.

To find out which chart patterns have been the most successful for us in our 20+ years of trading, you can see our free video on “The Introduction to Technical Analysis” here.

Click here to go to the list of Bearish Candlestick Patterns.

The Hammer

The Hammer signals a stock is nearing a bottom & may reverse. Candle body is short with a longer lower shadow followed by strong buying pressure to end the session on a higher close.

Upward trend must be confirmed with increased trading volume & watching it for a few days.

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Three White Soldiers

The three white soldiers show up after a downtrend or consolidation

This pattern consists of three long bullish candles: Each of them close higher on each of the next three trading days. The each open higher than the previous open & close near high of the day.

 

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Piercing Line

This is a two candle reversal pattern that shows up in downtrends. The bullish candle follows a bearish one & opens lower than previous close. Buying pressure pushes price up halfway or more (preferably 2/3) into body of the bearish candle.

 

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Morning Star

This is a three candle pattern. The first candle is a long bearish candlestick. The second is a smaller candlestick with a short body & long wicks. The third is a tall bullish candlestick.

The middle candle shows market indecision where the bears give way to the bulls. The third candle confirms the reversal & marks a new uptrend.

 

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The Inverted Hammer

Found after a downtrend & is seen as a trend reversal signal. The inverted hammer looks like an upside down version of the hammer candlestick pattern.

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The Bullish Harami

Shows near a support level after after a large bearish candle. The second candle is a smaller bullish candle (usually a spinning top) that shows up completely inside the previous days body.

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One White Soldier

This pattern shows up after a bearish stock swing & happens near a support level after after a large black candle. The second candle gaps up from previous day to close above previous open.

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Bullish Engulfing

This is a two candle reversal pattern where the second candle completely engulfs body of first.

On the second day of the pattern: price opens lower than the previous low, but buying pressure pushes the price up beyond the previous high.

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