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To confirm that a chart candle is bullish, you look for the following characteristics:
1. Close Higher Than Open
BULLISH CANDLE = Close > Open
The body (the thick part of the candle) is typically green or white, depending on your chart settings.
2. LONG LOWER WICK (Optional but Stronger Bullish Signal)
A long lower wick suggests buyers stepped in after sellers pushed the price down, indicating buying pressure and possible reversal.
3. VOLUME CONFIRMATION (Optional but Useful)
Higher volume on a bullish candle adds confirmation that the move is supported by market participation.
4. CONTEXT MATTERS
Trend: A bullish candle in an uptrend can be a continuation.
Downtrend: A bullish candle in a downtrend might signal a reversal ā especially if it's part of a pattern like a hammer, engulfing, or morning star.
5. CANDLE PATTERNS TO RECOGNIZE BULLISHNESS
Bullish Engulfing: A large bullish candle completely engulfs the previous bearish one.
Hammer: Small body at the top with a long lower wick, appearing after a downtrend.
Morning Star: Three-candle pattern that shows a shift from sellers to buyers.