This is 30% of your technical analysis. If you understand these patterns, there are more in books on Telegram, look for the Giant Bull book.

Bullish Rejection Patterns are among the most famous reversal patterns in technical analysis that indicate the possibility of a trend reversal from bearish to bullish. Here’s an explanation of each pattern:

1. Three Green Soldiers
• Consists of three consecutive green candles, each opening within the body of the previous candle and closing higher than it.
• Indicates strong bullish momentum after a bearish trend.
• Entry is after the confirmation of the third candle.

2. Bullish Engulfing
• Consists of two candles:
• The first is a small red (bearish) candle.
• The second is a green (bullish) candle that completely engulfs the body of the red candle.
• Indicates the strength of buyers and a trend reversal.
• Entry is after the closing of the engulfing candle.

3. Morning Star
• Consists of three candles:
• The first is a long red candle (strong decline).
• A small candle (doji or reversal candle).
• The third is a long green candle that closes within the body of the first or higher than it.
• Indicates a bullish trend reversal.
• Entry is after the confirmation of the third candle.

4. Tweezer Bottoms
• Consists of two or more candles that have approximately the same bottom.
• Usually a bearish candle followed by a bullish candle.
• Indicates price rejection of the decline at a certain level.
• Entry is after the confirmation of the second bullish candle.

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