However, it's possible for the shooting star candlestick to meet this criterion on its own if a bearish real body shooting star occurs after
a smaller bullish candlestick (above — left) or another bearish candlestick (above — right).
Not exact matches
Furthermore, both the
small - cap Russell 2000 and NASDAQ Composite printed
bullish reversal
candlesticks on higher volume yesterday.
Whenever they do occur, ascending triangles are
bullish patterns (when the
small black
candlestick is followed by a big white
candlestick that totally engulfs the previous
candlestick).
In the image above, you will see a
small bearish movement in price, followed by a
bullish engulfing
candlestick pattern.
However, if you get a weak signal, like a
small bearish engulfing pattern or a
bullish engulfing
candlestick that doesn't close within the upper 1 / 3rd of its range, you can always wait for another strong
bullish candlestick or just skip the trade altogether.