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Bullish Unique Three River Bottom

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Last Day: 0 Last Week: 0
Last 10 Days: 2 Last 10 Weeks: 0

Bullish Unique Three River Bottom

This pattern signals
a potential trend...
How to identify...Similar pattern(s)...
Reversal
  1. 1st day is a long red day.

  2. 2nd day is red forming a Homing Pigeon.

  3. 2nd day's low sets a new low.

  4. 3rd day is a short white day which is below the 2nd day.
Bullish Homing Pigeon


Psychology...
The 1st day's long red candlestick enforces the bears position. The next day a new low is set, however it closes higher than the 1st day. The 3rd day produces some indecision on the part of the bears. Watch for the reversal confirmation of a new high on the next day.


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