Long White Line: This is a bullish line.
It occurs when prices near the low and close significantly
higher near the period's high.
Hammer: This is a bullish line if it
occurs after a significant downtrend. If the line occurs after a
significant up-trend, it is called a Hanging Man. A Hammer is
identified by a small real body (i.e. a small range between the
open and closing prices) and a long lower shadow (i.e. the low
is significantly lower than the open, high, and close). The body
can be empty or filled-in.
Piercing Line: This is a bullish pattern
and the opposite of a dark cloud cover. The first line is a long
black line and the second line is a long white line. The second
line opens lower than the first line's low, but it closes more
than halfway above the first line's real body.
Bullish Engulfing Lines: This pattern is
strongly bullish if it occurs after a significant downtrend
(i.e. it acts as a reversal pattern). It occurs when a small
bearish (filled-in) line is engulfed by a large bullish (empty)
line.
Morning Star: This is a bullish pattern
signifying a potential bottom. The "star" indicates a possible
reversal and the bullish (empty) line confirms this. The star
can be empty or filled-in.
Bullish Doji Star: A "star" indicates a
reversal and a doji indicates indecision. Thus, this pattern
usually indicates a reversal following an indecisive period. You
should wait for a confirmation (e.g. as in the morning star,
above) before trading a doji star. The first line can be empty
or filled in.
