Three Outside Up candlestick pattern

Three Outside Up

Three Outside Up is a bullish trend reversal candlestick pattern made up of 3 candles. The first 2 candles of this pattern form bullish Engulfing.
How to Identify:
    The 1st bar is bearish and continues the downtrend;
    The 2nd bar is long and bullish and its body engulfs the 1st bar's body;
    The 3rd bar is bullish and its Close price is higher than that of the 2nd bar;

We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
Under certain circumstances, a Bullish pattern can also perform as a Bearish pattern, and a reversal pattern can be changed into a continuation pattern.

If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.

• Three Outside Up Pattern data mining result (2014 Daily, Bearish continuation)

• Three Outside Up Pattern data mining result (2014 Daily, Bullish reversal)

• Three Outside Up Pattern data mining result (2014 Monthly, bearish continuation)

• Three Outside Up Pattern data mining result (2014 Monthly, Bullish reversal)

• Three Outside Up Pattern data mining result (2014 weekly, bearish continuation)

• Three Outside Up Pattern data mining result (2014 weekly, Bullish reversal)

The following pictures are taken from our Candlestick Pattern Indicator (Thinorswim version).