All Ordinaries Three Inside Up Pattern
Wednesday, March 7, 2007
A Three Inside Up Pattern occurs after a 2-day bullish harami pattern. To form the Three Inside Up pattern, the third day is a white day with a higher close than the second day. The three inside up pattern turns a low-reliability bullish harami into a high probability reversal pattern.
The All Ordinaries have formed this pattern on the last two pull backs in the recent uptrend. The current pullback has again formed this pattern? Is this candlestick pattern and indication of a strengthening XAO?
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