Jan 15, 2012 - Candlestick, Forex, Stock    No Comments

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.

Yet Another Related posts:

  1. Three Inside Down Bearish
  2. Evening Doji Star Bearish
  3. Evening Star Bearish
  4. Abandoned Baby Bearish
  5. Identical Three Crows Bearish

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