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All Patterns Flashcard Game
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Bullish Unique Three River Bottom Candlestick Pattern
| This pattern signals a potential trend |
Reversal
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| How to identify |
- 1st day is a long red day.
- 2nd day is red forming a Homing Pigeon.
- 2nd day's low sets a new low.
- 3rd day is a short white day which is below the 2nd day.
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| Similar pattern(s) |
» Bullish Homing Pigeon
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| 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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