Bullish Stick Sandwich Candlestick

Bullish Stick Sandwich Candlestick
Direction: Bullish
Type: Reversal
Reliability: Moderate
Day-one is a red day that continues the established trend to a new low
Day-two is a blue day that trades up to or above day-one
Day-three is a red day that closes near the close of the first day
All three candles establish a firm support line, while forming consecutive higher highs.

The Bullish Stick Sandwich pattern shows three days that establish a solid support level, while each new day forms higher highs. This suggests the bearish trend has bottomed out while each new high implies buyers are able to mount more control of the market.

Candlestick Analysts who are short would look to cover their short positions. While those looking to long will for buying opportunities, and use the shared bottom as a solid support.

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