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Ladder Bottom Bullish
Trend: Bullish
Reliability: Moderate
How to Identify it
- Three black days occur with consecutively lower opens and closes
- The fourth day is black with some upper shadow
- The fifth day is a white day that opens above the body of the fourth day
What it Means
In a considerable downtrend, the shorts may have a chance to sell and take in any profits by the fourth day. This results in a gap upward on the fifth day. If the body of the fifth day is long, or the volume of trading is high, a bullish reversal has likely occurred.
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