bullish stick sandwich candlestick

B

Bullish Stick Sandwich

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.