Bullish candlesticksCandlestick chart analysis allows us to recognize current sentiment on market. Bullish candlesticks patterns represent positive emotions in stock. There are more buyers then sellers. You need to find such signs for stock if you want to enter long trade. These patterns can consist of one, two or more candlesticks. When I am waiting for good entry point for long trade I am looking for one of these two types of candlesticks with bullish interpretation.
Here are examples of charts with these positive candlestick types. There are several hammer candlesticks on this first EIX stock chart in support area 52-53 USD. They are signaling strong buying interest in this
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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