Candlestick Patronen
High-Wave Bullish
The High-Wave Bullish is a bullish pattern represented by one candle. It has a small body, long wicks and its close is above its opening, so it slightly increases. This one-candle pattern represents indecision in the market but with higher probabilities to go up since the bulls won the fight and the candle closed above its opening price. The High-Wave Bullish usually leads to bullish reversals or continuations of the price. Therefore, if selected in your strategy, it would signal buys when it’s spotted in the chart. Basing a strategy only on one candle patterns can be risky. However, you can easily select other indicators to get stronger buy points.
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