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Type: Reversal
Relevance: Bullish
Prior Trend: Bearish
Reliability: High
Confirmation: Suggested
No. of Sticks: 3



Definition: Get the highest rated stock from Americanbulls for this pattern >>>

The Bullish Three Outside Up Pattern is simply another name for the Confirmed Bullish Engulfing Pattern. The third day is confirmation of the bullish trend reversal.

Recognition Criteria:

1. Market is characterized by downtrend.
2. We see a Bullish Engulfing Pattern in the first two days.
3. The third day is a white candlestick with a higher close than the second day.

Explanation:
The first two days of this three-day pattern is simply a Bullish Engulfing Pattern, and the third day confirms the reversal suggested by the Bullish Engulfing Pattern since it is a white candlestick closing with a new high for the last three days.

Important Factors:

The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.

Source(s)

http://www.candlesticker.com/Cs62.asp

by
Tyce
Tyce
1 year ago
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Bullish three outside up candlestick is a bullish Engulfing pattern followed by a white day whose close is higher than the second day.

In a downtrend or during a pullback within an uptrend, a bullish Engulfing pattern forms. By itself the pattern has moderate reliability as a reversal indicator, but when the it is followed by another white day (preferably on strong volume), the overall pattern becomes much more reliable.

Source(s):

http://www.leavittbrothers.com/education/ candlestick_patterns/bull/ three_outside_up_bullish.cfm

by
Kingpin
Kingpin
1 year ago

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The Bullish Three Outside Up Pattern is simply another name for the Confirmed Bullish Engulfing Pattern. The third day is confirmation of the bullish trend reversal.

Recognition Criteria:

1. Market is characterized by downtrend.
2. We see a Bullish Engulfing Pattern in the first two days.
3. The third day is a white candlestick with a higher close than the second day.

Explanation:
The first two days of this three-day pattern is simply a Bullish Engulfing Pattern, and the third day confirms the reversal suggested by the Bullish Engulfing Pattern since it is a white candlestick closing with a new high for the last three days.

Important Factors:

The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.

Source(s):

http://www.candlesticker.com/Cs62.asp

by
Suneetha
Suneetha
1 year ago

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Bullish three outside up candlestick pattern is a bullish reverse pattern. It consists of a bullish engulfing candlestick pattern followed by another ...

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thegreeks
thegreeks
1 year ago

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After an established downtrend, day-one continues the trend with a red candle
• Day-two is a long blue day that engulfs the body of the first day, closing well above the previous days open.
• The third day is a blue day with an even higher close than the second day.


The Bullish Three Outside Up pattern is one of the more clear-cut three day bullish reversal patterns. The formation reflects buyers overtaking selling strength, and often precedes a continued rally in price. In fact up to day-two we have a bullish Engulfing Pattern, itself a strong two-day reversal pattern.

Source(s):

fxwords.com

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fuji022
fuji022
1 year ago

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The Bullish Three Outside Up is a three candlestick bullish reversal pattern. It occurs in a downtrend and begins with a candle in the direction of the trend. The second candle’s real body engulfs the first days body. The third candle closes higher than the previous candle, confirming the suggested reversal on the engulfing candle by being a white candle closing with a new high.

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fxpie
fxpie
1 year ago

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The three outside up pattern is a bullish reversal signal. The first candlestick in the formation is a small black (red) candlestick that closes near its low. The second candlestick completely engulfs the first candlestick and closes near its high. Most often the second candlestick will display an increase in volume, from the running of stops. The third candlestick then breaks the high of the second candlestick and closes strongly.

by
Harold
Harold
1 year ago