The Three Inside Up candlestick formation is a trend-reversal pattern that is found at the bottom of a DOWNTREND.
This triple candlestick pattern indicates the downtrend is possibly over and that a new uptrend has started.
For a valid three-inside-up candlestick formation, look for these properties:
Conversely, the Three Inside Down candlestick formation is found at the top of an UPTREND.
It means that the uptrend is possibly over and that a new downtrend has started.
A Three Inside Down candlestick formation needs to have the following characteristics:
If you’d like to earn extra income trading on the Forex market, consider learning how to currency trade with Forex Smart Trade. With their super-accurate proprietary trading tools and best-in-the-business, personalized one-on-one training, you’ll be successful. Check out the Forex Smart Trade webinar. It shows one of their trader’s trading and how easy, intuitive, and accurate the tools are. Or try the Forex Smart Trade 14-day introductory trial for just TEN dollars.