Candlesticks Series: 5 Types of Bullish Candlestick Patterns

It occurs at the bottom of a downtrend and is formed when the open and low prices are almost the same. There should be a lower shadow which should be twice as long as the real body.


It is formed near the support levels at the end of a downtrend. This pattern is made of two candlesticks, the first one is a bearish candlestick and the second one is a bullish candlestick.

The Piercing Pattern

This pattern shows a rise in the buying pressure. It indicates a reversal from the downtrend as more buyers enter the market and move the prices up after a long downtrend.

The Bullish Engulfing

It is formed at the end of a downtrend it gives us a warning sign that the downtrend is going to reverse to an uptrend and is made up of three candles.

The Morning Star

Formed at the end of a downtrend and indicated a bullish reversal. This pattern consists of three long bullish candlesticks which are green in colour and do not have long shadows.

The Three White Soldiers

Learn More: Candlesticks Made Easy: Candlestick Pattern Course