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Unique Three River Bottom Bullish
Trend: Bullish
Reliability: Moderate
How to Identify it
- The first day is a long black day
- The second is a black Harami day, with a shadow that sets a new low
- The third day is a short white day which closes below the close of the second day
What it Means
Two black days occur consecutively, with the second day’s body within that of the first day. However, the long lower shadow shows the bearish tide may be reversing. The third day opens lower, reinforcing the indecision of the market and ends in a rally. The bulls should take over.
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