Bullish Meeting Lines Candlestick Pattern

Hello traders, in this article, we will again discuss candlestick patterns with medium accuracy. The previous article discussed how to trade forex using signal analysis from the Bullish Stick Sandwich candlestick pattern. However, this time we will discuss how we sell on the forex platform utilizing the analysis of the "Candlestick Bullish Meeting Lines" signal pattern. Because this candlestick pattern has a medium level of accuracy, it's best to wait for confirmation before buying shares. This confirmation is absolutely mandatory.

What is meant by Bullish Meeting Lines Candlestick Pattern Information?

The Bullish Meeting Lines Candlestick Pattern is a candlestick pattern that tells us that a reversal is taking place, from the trend (Bearish) to the trend (Bullish). Of course, this is the best time for you to buy shares, and the potential profits will be huge. So that we better understand the meaning of the Bullish Meeting Lines Candlestick pattern, let's look at the following picture below:

From the picture above, we can see that the Bullish Meeting Lines candlestick pattern is formed by two candlesticks. That is a red candlestick with a long trunk and a green candlestick with a long trunk as well. To make this discussion easier, as usual, we will assume this candlestick pattern is formed daily. Where on the first day, a long red candle is formed. This means that it tells us that the Bearish candle is still continuing its dominance.

We can predict that the Bearish candle will continue its dominance in the following days. Fortunately, our prediction was wrong, what happened on the second day a long green candle was formed. The candle looks like its opening price is far below the closing price of the first day, and its closing price is the same as the closing price of the first day.

So this tells us that at the start of the second day of the price battle, the Bearish candle is still continuing its dominance. The candle managed to advance deep into the Bullish candlestick area. Then, the Bullish candle managed to make a very strong counterattack.

At this point, it is clear that the Bullish candle managed to dominate the price on the second day. We can say that the strength of the Bullish candle is strengthening and vice versa for the Bearish candle. It can be predicted that the Bullish candle will continue its dominance in the following days. But until here we do not have certainty, so our prediction is not too strong.

Why aren't our predictions too strong? because it could be the other way around. So, to increase the level of certainty, we need to wait for confirmation first. We remind you before there is confirmation, we should not start buying stocks if we use the analysis of candlestick patterns that have medium accuracy. To deal with this confirmation, let's look at the following picture below:

Confirmation of Bullish Meeting Lines Candlestick

From the image above, we have added a long green candlestick and a black confirmation line. It can be seen that the green candlestick broke above the confirmation line. This means that it tells us that the strength of the Bullish candle has completely overcome the strength of the Bearish candle. It has been confirmed that the Bullish candle will continue to dominate the price in the following days. The stock price will continue to rise, and it's time for us to make a purchase.

Confirmation will be very accurate again when combined with a trusted forex trading signal application.