A Guide to Bullish Candlesticks

December 01, 2023

BullishHammerThe Hammer pattern is a bullish candlestick and indicative of a possible trend reversal. Bullish Reversal – The hammer signals that the downtrend may be losing momentum and that an uptrend reversal may be just around the corner. Bullish Spinning TopA bullish spinning top, is a bullish chart pattern characterised by a small body and two equal length shadows, upper and lower shadow. Take into account the situation:– The Bullish Spinning Top is most significant when it shows up following a downtrend. Bullish ReversalIf a bullish spinning top with a green body develops after a prolonged downturn, it indicates that the sellers are losing momentum and the buyers are gaining control.

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