Bullish candlesticksCandlestick chart analysis allows us to recognize the current sentiment on the market. Bullish candlesticks patterns represent positive emotions about stock. There are more buyers than sellers. You need to find these kinds of signs for stock if you want to enter a long trade. These patterns can consist of one, two or more candlesticks. When I am waiting for a good entry point for a long trade, I look for one of these two types of candlesticks with a bullish interpretation.
Here are examples of charts with these positive candlestick types. There are several hammer candlesticks on this first EIX stock chart in the support area 52-53 USD. They’re signaling a strong buying interest in this support area.
Hammer candlesticks on second chart (GIS stock) are placed right on support area defined by horizontal price level and uptrend line. And long green candlestick is making breakout - you need to enter trade during this day.
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