NeeteshJain

Educational 17: Bullish Candlesticks Patterns

BSE:INFY   INFOSYS LTD
In the above candlestick patterns, market trending down and sellers pushing price action further down. In some situations there is gap down opening where big buyers participated largely (as shown as green candlestick ) and took the price action up and above the previous close. Indicating change in trend.

In some situations, price action jumps up from lower levels and form a gap up opening indicating buyers control over price action and further taking prices up, a trend changer.