【candlestick classroom】 Bullish Ladder Bottom, etc

wsjboy

Bullish Ladder Bottom



This pattern signals a trend...        
Reversal
       
How to identify...
   1. 1st three days are long black days with lower opens and closes each day.
   2. 4th day is a black day with an upper shadow.
   3. The last day is white that opens above the body of the 4th day.
       
Similar pattern(s)...
      Bullish Concealing Baby Swallow
      Bearish Three Black Crows

Psychology...
In a downtrend and after moving solidly down for three consecutive days, the bears feel in control. The 4th day prices trade near the open of the previous day, but close at another new low. This draws attention to the bears who realize that markets do not go down forever. If the next day opens higher, then shorts will lock in profits. And if volume is high, then a reversal has probably occurred.

wsjboy

two patterns:

wsjboy

This can count as one or not?

greatinter