bullish reversal pattern is considered moderately reliable.
a downtrend, a small body forms with a long lower wick, the longer the more
bullish. It has no upper wick.
reversal causes the stock to close near its opening price near the day’s high,
signally a possible reversal. Bulls are expected to have exited, and shorts are
carefully watching the bounce. Confirmation is needed with a strong next day
with solid volume.