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Bullish 3 White Soldiers Candlesticks and Bullish Engulfing Candlesticks

Posted By On 11/10/2007 06:54:00 PM Under
1. Japanese have used these candlesticks very effectively and since than it has helped stock market also to study its movement.

2. Charts depicting Bullish Engulfing candlestick pattern do tell the chartists that go ahead and buy the stock.

3. Bullish 3 white soldiers means that a pattern in which three consecutive white candle appears and is also a bullish signal. It definitely give a bullish signal if these candlesticks open with in previous real body and closes above previous days closing price.

4. When a small black candlestick is followed by a largewhite candle stick and it totally engulfs previous day small black candle, than the pattern is called bullish engulfing pattern and it usually appears at the end of a downtrend.

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