Homonym: bullish pattern (Optimistic)
A "bullish pattern" refers to a chart formation that suggests a potential increase in the price of a financial asset, such as stocks or cryptocurrencies. Traders and investors look for these patterns to identify opportunities for buying, as they indicate positive market sentiment and the likelihood of upward price movement.
Common examples of bullish patterns include the cup and handle, ascending triangle, and double bottom. Recognizing these patterns can help investors make informed decisions, as they often signal a shift in market dynamics that favors buyers over sellers.