Bullish Three Stars in the South Candlestick Chart Pattern

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Bullish Three Stars in the South

Daily Charts: 0 found in last 10 days. Updated Wed Jul 28 18:16:42 2010 CST . Click here to see them.

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Bullish Three Stars in the South

This pattern signals a trend...	How to identify...	Similar pattern(s)...
Reversal	1st day is a long black day with a long lower shadow. 2nd day is a small version of the 1st day with a lower above the 1st day's low. 3rd day is a small black Marubozu which opens and closes inside the 2nd day's range (high-low).	Bearish Three Black Crows

Psychology...

Notice that each day's price range is engulfed by the previous day's range. In a downtrend this gives rise to indecision and increased risk for the bears to remain short. Look for higher prices ahead.