Three Outside Down Bearish

Three Outside Down Bearish

Pattern: Reversal
Trend: Bearish
Reliability: High
How to Identify it
· A bearish Engulfing pattern occurs in the first two days
· The third day is a black day with a lower close than the second day

What it Means
This pattern is a more reliable addition to the standard Engulfing pattern. The third day is confirmation of the bearish trend reversal.

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