Monday, April 27, 2015

Unique Three River Bottom candlestick pattern

Unique Three River Bottom

Unique Three River Bottom

Unique Three River Bottom is a bullish candlestick pattern made up of three candles.
How to Identify:
  •     The 1st candle has a long and bearish body;
     
  •     The 2nd candle is a hammer, and its body is inside the 1st bar's body;
     
  •     The 3rd candle is small and bullish, its Close price is lower than 2nd bar's.
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.


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






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