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Bullish Three Stars in the South

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Last Day: 0 Last Week: 0
Last 10 Days: 0 Last 10 Weeks: 0

Bullish Three Stars in the South

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


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.



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