Three Outside Up Bullish
Posted: Mon Jul 25, 2011 8:17 am
Axis-IT matched 'Three Outside Up Bullish' high priority Bullish Reversl candlestic pattrn on 22nd of July.
Pattern:
a) After an established downtrend, day-one continues the trend with a red candle
b) 2nd day is a long green day that engulfs the body of the first day, closing well above the previous days open.
c) The 3rd day is a green day with an even higher close than the second day.
Src: CandleStick Patterns
When the stock is positive trend, y is it called Bullish Reversal?
Pattern:
a) After an established downtrend, day-one continues the trend with a red candle
b) 2nd day is a long green day that engulfs the body of the first day, closing well above the previous days open.
c) The 3rd day is a green day with an even higher close than the second day.
Src: CandleStick Patterns
When the stock is positive trend, y is it called Bullish Reversal?