BULLISH SQUEEZE ALERT
Definition
This is a three-day bullish reversal pattern. It was developed because
of the frequent event where
prices can break to the upside following this pattern, especially if the pattern is preceded by a strong
downside move.
Recognition Criteria
1. The market is characterized by a prevailing downtrend.
2. A black candlestick appears on the first day.
3. The second and third days each have lower highs and higher lows than the previous day. Their color
is not important.
4. The sizes of the bodies of the three days do not matter.
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