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Three Inside Up/Down

 

Description

 

Day one has a long filled candle that is going in the same direction of previous days. The second day a white candle within the first, and a third day confirming a Harami pattern, with a long white candle beginning within the second and finishing up above the first.

 

This is Three Inside Up, a bullish reversal pattern found at the bottom of a downtrend, indicating a possible reversal upwards. This is a confirmation signal of the bullish Harami formation.

 

On the other hand, the mirror pattern is Three Inside Down, which is a bearish indication. Once the Harami pattern shows that the upward trend has stopped, the reversal begins with the mirror image downward.

 

Market Opinion

 

Reversal of trend. The three inside up pattern is bullish. The three inside down pattern is bearish.

 

Pattern

 

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