A bullish reversal pattern made of three green (or white) consecutive long-bodied candlesticks indicating the end of a downtrend. These candlesticks should not have long shadows and should preferably open within the body of the preceding candle in the pattern. For reference, a candlestick is green (or white) when price closes above the opening price, indicating that equities are advancing; a candlestick is red (or black) when price closes below the opening price, indicating that equities are falling.
Blog | Investment Articles and News for Traders and Investors