Thread by @Milind4profits

It's weekend time ...let's catch up on highly successfull bullish candle stick patterns ...hold your patience as we roll into spotting these to make good gains in swing & momentum trades ...🧵🧵🧵
Don't forget to RT as we learn together ♻️♻️♻️

#bullishengulfing
- two candle setup
- effective to spot a reversal in downtrend
- first -tive candle followed by a +tive candle
- Second day candle price opens lower than First day low & closes higher than the first day high
- Enter when high of second day is xossed up

#Morningstar
- three candle setup
- used to spot downtrend reversal
- one thin body candle between first long black candle and third long white one.
- Bodies of second and first candle should not overlap
- Gapup on third candle
- Entry at xossing up from third day candle

#piercingline
- two candle setup
- effective to spot a reversal in downtrend
- first -tive candle followed by a +tive candle
- Second day price opens lower than First day close & closes higher than the mid of first day candle
- Enter when high of second day is xossed up

#hammer
- single candle setup
- effective to spot a reversal in downtrend
- multiple falling candles followed by a hammer is effective
- hammer candle has thin body with a longer lower wick due to high buying push
- Enter when high of hammer candle is xossed up

#bullishtasukiline
- two candle setup
- first candle long body -tive as part of downtrend
- second candle +tive with open price gapup above last close
- Second candle close above first candle open price
- Long body second candle

Additional points which can improve your success rate :
- higher volume on positive candles
- if they happen near support zones
- if they occur near higher moving averages
- higher success rate when it occur after longer downtrend

These setups work like a charm .
Want to have scanners for these ?

Let me know with a RT ♻️♻️♻️