All Ordinaries Three Inside Up Pattern

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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Three Inside Up

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.

Mikoh Corporation Limited - MIK



MIK has pulled back from it's high of $0.48, contracting the short term group. The long term group looks strong with good separation, with the count back test showing it hasn't been broken since the start of November.

MIK formed the three inside up pattern on the 15th with a white candle closing higher than the second candle of the bullish harami. On the 16th MIK closed at $0.45 with a 5.88% increase.

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