Bullish Unique Three River Bottom Candlestick Chart Pattern

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Bullish Unique Three River Bottom

Daily Charts: 0 found in last 10 days. Updated Tue Mar 9 18:16:04 2010 CST . Click here to see them.

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Bullish Unique Three River Bottom

This pattern signals a trend...	How to identify...	Similar pattern(s)...
Reversal	1st day is a long black day. 2nd day is black forming a harami. 2nd day's low sets a new low. 3rd day is a short white day which is below the 2nd day.	Bullish Morning Star spin off

Psychology...

The 1st day's long black 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.