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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

Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Threestarsinthesouth_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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