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Thursday, November 10, 2011

Bullish Three Inside Up


Bullish Three Inside Up

Definition :
The Bullish Three Inside Up Pattern is another name for the Confirmed ‘Bullish Harami Pattern’.The Third day is confirmation of the bullish trend reversal.

Recognition Criteria:
  After an established downtrend, day-one is long red day
  Day-two is a blue day that trades up to the midpoint of day-one
  The third day is a blue day carrying price above the first bearish candle.
Important Factors:
The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.

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