All Patterns Flashcard Game
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Bullish Three Stars in the South
This pattern signals a potential trend |
Reversal
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How to identify |
- 1st day is a long red 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 red Marubozu which opens and closes inside the 2nd day's range (high-low).
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Similar pattern(s) |
» Bearish Three Black Crows
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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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