|Date||Last 3 Daily Candle Patterns||Strength|
|5-May-2017||Bullish Ladder Bottom||83.6|
|25-April-2017||Bearish Three Outside Down||18.4|
PulteGroup Inc. (PHM) is beating the overall market this year, roughly tripling the performance of the S&P 500. However it has pulled back about 8.5% from the recent high. The daily chart of PHM above shows a Bullish Ladder Bottom candlestick pattern after recent price declines. Could the Bullish Ladder Bottom pattern indicate a short term reversal? As with any stock there are always many factors, technical and fundamental at play that affect price action.
Let's take a look at the weekly and monthly charts...
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