Kicker
You can see in the above graphic why this pattern is so explosive. Like most candle patterns
there is a bullish and bearish version. In the bullish version, the stock is moving down and the
last red candle closes at the bottom of the range.
Then,
on the next day, the stock gaps open above the previous days high and close. This
"shock event" forces short sellers to cover and brings in new traders on the long side.
This is reversed in the bearish version.
FOR EXAMPLE = MINT
BULLISH UNIQUE THREE RIVER BOTTOM
Definition
This is a three-candlestick pattern that somewhat looks like the Bullish Morning Star. It appears in a
downtrend. The first day’s black candlestick engulfs
the following small black body, which
characteristically has a long lower shadow. The pattern is completed
by a small white body, which
closes below the close of the second day.
Recognition Criteria
1.The market is characterized by a prevailing downtrend.
2. A black candlestick is observed on the first day.
3. The second day is a black body that opens higher, trades at a new low, and then closes near the
high.
4. The third day is a short white day below the second day.
Dostları ilə paylaş: