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15 Bullish trading patterns

Bullish candlestick patterns

15 of the most commonly used and recognized Bullish trading patterns

Head and Shoulders Bottom: This pattern signals a potential reversal from a downtrend to an uptrend. It resembles an inverted head and shoulders formation.

Double Bottom: A bullish reversal pattern that forms after a downtrend. It consists of two troughs at roughly the same price level.

Inverse Head and Shoulders Pattern: This is the opposite of the head and shoulders top and is a reversal pattern indicating a shift from a downtrend to an uptrend.

Bullish Cup and Handle: This pattern forms a rounded “cup” followed by a smaller consolidation “handle.” It suggests a potential upward breakout.

Ascending Triangle: This is a continuation pattern that often leads to a bullish breakout. It consists of a horizontal resistance line and a rising support line.

Bullish Flag: A flag pattern that appears after a strong price uptrend, forming a rectangular consolidation pattern. It implies a continuation of the bullish trend.

Bullish Pennant: Similar to the bullish flag, a pennant forms after a sharp uptrend and signals a potential continuation of the bullish move.

Morning Star: A three-candlestick pattern that begins with a large bearish candle, followed by a small indecisive candle (the “star”), and ends with a large bullish candle. It suggests a bullish reversal.

Bullish Engulfing Pattern: This two-candlestick pattern forms when a smaller bearish candle is followed by a larger bullish candle that completely engulfs the previous one. It signals a bullish reversal.

Piercing Line: A two-candlestick pattern that forms after a downtrend, with the first candle being bearish and the second being a strong bullish candle that pierces through the first candle.

Bullish Kicker: A two-candlestick pattern where the first candle is bearish, followed by a second bullish candle with a gap in the opposite direction of the trend, signaling a potential reversal.

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Hammer: A single candlestick pattern with a small real body, a long lower shadow, and little to no upper shadow. It suggests a potential bullish reversal.

Bullish Harami: A two-candlestick pattern where a smaller bearish candle is followed by a larger bullish candle, indicating a possible bullish reversal.

Bullish Abandoned Baby: This three-candlestick pattern signals a potential reversal. It consists of a gap, a doji (the “baby”), and a bullish candle.

Bullish Three White Soldiers: A three-candlestick pattern in which three consecutive large bullish candles appear, indicating a strong buying pressure and a potential bullish trend continuation.

These patterns can be valuable for traders when used in conjunction with other technical and fundamental analysis tools. It’s important to consider the broader market context and use proper risk management when making trading decisions.

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Cory has been a professional trader since 2005, and holds a Chartered Market Technician (CMT) designation. He has been widely published, writing for Technical Analysis of Stock & Commodities magazine, Investopedia, Forbes, Benzinga, and others.