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Abandoned Baby
Belt Hold
Breakaway
Concealing Baby Swallow
Doji Star
Dragonfly Doji
Engulfing
Gravestone Doji
Hammer
Harami
Harami Cross
Homing Pigeon
Inverted Hammer
Kicking
Ladder Bottom
Mat Hold
Matching Low
Meeting Lines
Morning Doji Star
Morning Star
Piercing Line
Rising Three Methods
Separating Lines
Side by Side White Lines
Stick Sandwich
Three Inside Up
Three Line Strike
Three Outside Up
Three Stars In the South
Three While Soldiers
Tri Star
Unique Three River Bottom
Upside Gap Three Methods
Upside Tasuki Gap

Ladder Bottom
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Pattern: reversal
Reliability: moderate

Identification
Three black days occur with successive lower opens and lower closes. Then a black day forms with some noticeably upper shadow. The final day is a white day that gaps against the trend and opens above the body of the fourth day.

The Psychology
In a downtrend or during a pullback within an uptrend, the bears are certainly in control. The buying that takes place on the forth day that forms the long upper shadow hints at buyers starting to bottom fish and shorts possibly taking some profits, but the intraday sell-off that closes the stock at the lows likely wipes out the bulls, and with the lack of sellers available, there isn’t much resistance left when the shorts start to cover.

The bullish Ladder Bottom is similar to the bullish Concealing Baby Swallow and bearish Three Black Crows.