Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Solid ECN Securities | Best Place to Trade CFD Products
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="SOLIDECN, post: 210698, member: 80239"] [JUSTIFY][img]https://i.ibb.co/5RYPKXB/ad-1.png[/img] [B]Triple candlestick patterns[/B] (part 1/2) [B] Understand Three Outside up and Three Outside Down Candlestick Patterns[/B][/JUSTIFY] [LIST] [*][JUSTIFY]The outside three up/down candlestick patterns are variations of chart candle reversal patterns. They are usually used to indicate a trend reversal.[/JUSTIFY] [*][JUSTIFY]The three outside up/down candlestick patterns are distinguished by one white or black candlestick immediately followed by two candlesticks of the opposite hue. [/JUSTIFY] [*][JUSTIFY]These varieties of the three outside patterns aim to read near-term changes in trader sentiment by leveraging the market’s psychology.[/JUSTIFY] [/LIST] [JUSTIFY][img]https://i.ibb.co/n1TVhVC/candle-1.png[/img] [B]What is Three Outside Up Candlestick Pattern?[/B] Three successive candlesticks form the three outside up pattern, which usually appears after a bearish trend. The movement of these candles always indicates whether or not a trend reversal is imminent. A single bearish candle is followed by two bullish candles to form the pattern. For counter-trend trading tactics to work, accurate detection of this pattern is critical. [img]https://i.ibb.co/B3fhwqS/candle-2.png[/img] [B]Formation[/B] Below is the formation of the Three Outside Up Candlestick Pattern-[/JUSTIFY] [LIST=1] [*][JUSTIFY]The market must decline for a three outside up pattern to appear.[/JUSTIFY] [*][JUSTIFY]The pattern’s first candle will be black, signifying a downward trend.[/JUSTIFY] [*][JUSTIFY]A large white candle will be formed next. It will be long enough for the first black candle to be completely contained within its true body.[/JUSTIFY] [*][JUSTIFY]The third and final candle, which indicates three outside up, must also be white. This candle, however, should close higher than the second candle. This shows that the downward trend is changing direction.[/JUSTIFY] [/LIST] [JUSTIFY][B]What Traders Interpret from a Three Outside Up Pattern[/B] With the closure lower than the open, the first candle maintains the bearish trend, showing significant selling interest and building bear confidence. The second candle begins lower but quickly reverses, crossing through the first tick in a bullish showing. This price action raises a red flag for bears, signaling that those gains should be taken or stopped because a reversal is possible. The stock continues to rise, with the price now above the first candle’s range, completing a bullish outside day candlestick. This boosts bullish sentiment and triggers buy signals, verified when the security makes a new high on the third candle. [B]Trading Example[/B] One of the important characteristics of this technical indicator is that the size of the engulfing candlestick, which is the second of three, determines its power. The three outside up patterns is more prominent the larger the second candle. [img]https://i.ibb.co/G0chKcR/candle-3.png[/img] The smaller the negative downtrend becomes, the weaker its indication becomes. As the price movement increases with the second candle, bullish sentiments appear to be outnumbering bearish sentiments.[/JUSTIFY] [HR][/HR] [URL='https://solidecn.com/news']Visit solidecn.com[/URL] [URL='https://www.trustpilot.com/review/solidecn.com']Trust Score 4.9[/URL] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…