Three
Starts In The South
Description
This
is a bullish reversal trend. The first day is a long solid candlestick which
has a long lower wick. The second day, is a smaller version. The third day is a
small Marubozu opening and closing within the second day’s range.
The
reason that it is a bullish reversal pattern is that each day’s price range is
engulfed by the previous day, indicating indecision, as each day is weaker than
the last. It is taken as an indication of higher prices just ahead.
Market
Opinion
Bullish.
Pattern
