******** Candlestick Reversal Pattern Probability High ***********

Bullish Reversal Pattern
Three Green soldiers is a strong reversal sign to the bullish trend. In fact many would consider this as an obliteration of the downward trend.

 

Characteristics
After a downward trend three large green candlesticks appear showing strong buying sentiment.

 

Each green candlestick closes at a new high.

 

Each green candlestick opens within the body (or even better above half the body) of the previous candle.

Confirmation
In this case confirmation has already occurred. You may be late to the trade if you entered now but probability of upward trend continuation is on your side.

1. This is a definite end to a downward trend. If you are short you should already have gotten out because clearly the feelings of sellers have changed and buyers are now forceful and dominating.

 

2. Something very psychological has happened at this level. It is either a whole number with tremendous strength or has shown enormous support at that level to create such a strong change in sentiment.