The Three Inside Up candlestick formation is a trend-reversal pattern that is found at the bottom of a DOWNTREND.
This triple candlestick pattern shows 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:
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