Methodology
Ways to develop a market POV
Four approaches to deciding what to buy or sell.
Methodology
Four approaches to deciding what to buy or sell.
A long red candle followed by a green candle that opens below the prior candle's low and closes above the midpoint of the prior body (but doesn't fully engulf it).
Bullish·Bullish reversal·2-candle·Requires a prior downtrend
What it means
Sellers pushed price down at the open but buyers stepped in aggressively and pushed it more than halfway back. Like a partial Bullish Engulfing.
Confirmation to wait for
Stronger when accompanied by above-average volume on the green candle. Some traders require the close to be at the prior open's level, not just the midpoint.
Failure mode
Weaker than full Bullish Engulfing because the green candle doesn't fully reclaim the red one. Easy to fail in choppy markets.
prev: long red. curr: green AND curr.open ≤ prev.low AND curr.close > midpoint of prev body AND curr.close < prev.open (not full engulf). Prior 5-day downtrend.
The scanner below applies this rule to today's daily candles across actively-traded NSE equities, ranked by traded value (price × volume). Liquidity floor: ₹25 Cr traded today. Rule-based matches - not buy/sell calls.
Scanner coming soon
Detection isn't wired for this pattern yet. The rule above describes what the scanner will look for; it'll go live with the next set of detectors.
Pattern definitions are descriptive, not predictive. Confirm with volume + the broader trend on the index / sector before trading any single-stock signal.
Morning Star
Bullish reversal