Trading Pattern Dictionary / Above Former Close

AI Overview

The Above Former Close pattern occurs when a stock's price rises above its previous closing price. This pattern can signal bullish sentiment and is often utilized by traders to identify potential buying opportunities.

Key Details of Above Former Close

• Goal: Identify potential bullish trends.
• Methodology: Monitor price action relative to the previous close.
• Origin: Recognized in technical analysis as a bullish signal.
• Market Impact: Can lead to increased buying interest and further price increases.

Traders often use this pattern to confirm bullish market conditions and make informed trading decisions.

Track this pattern in your trading journal

On TradeJournal.co, traders tag closed and open trades with this pattern label to connect setup names with real journal statistics: frequency, profit and loss, and post-trade review notes. The public Trading Pattern Dictionary shows community-wide aggregates on each pattern page (trade count, popularity share, and public P&L) so you can compare how often a behavior appears across the platform.

Use TradeJournal to filter your own history by pattern, build statistics dashboards, and spot recurring mistakes or edges—without relying on memory alone.