Here's your test. This pattern is called "Three outside down", but what is it really?
Its a bearish engulfing pattern with confirmation.
Notice the first two candlesticks form our bearish engulfing formation. The second candlestick completely engulfs the first, then we get confirmation of the bears taking over with candlestick #3.
This is a very high probability candlestick pattern.
Telechart PCF - C1<O1 AND C2>O2 AND O1>C2 AND C1<O2 AND C<C1 AND C1>C6 |