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.
• 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.
