BULLISH THREE INSIDE UP

		BULLISH THREE INSIDE UP Type: Reversal Relevance: Bullish Prior Trend: Bearish Reliability: High Confirmation: Suggested No. of Sticks: 3
JOIN FBS Definition:             Get the highest rated stock from Americanbulls for this pattern >>> The Bullish Three Inside Up Pattern is another name for the Confirmed Bullish Harami Pattern. The third day is confirmation of the bullish trend reversal. Recognition Criteria: 1. Market is characterized by downtrend. 2. We see a Bullish Harami Pattern in the first two days. 3. Then we see a white candlestick on the third day with a higher close than the second day. Explanation: The first two days of this pattern is simply the Bullish Harami Pattern, and the third day confirms the reversal suggested by the Bullish Harami Pattern, since it is a white candlestick closing with a new high for the last three days. Important Factors: The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.