Three Inside Up Candlestick Pattern

Bullish Three Inside Up:

Three Inside Up Candlestick Pattern

Type :  Reversal
Direction : Bullish
Prior Trend : Bearish
Reliability : High

Bullish three inside up pattern is a bullish reversal pattern. It consists of a long bearish candlestick followed by two bullish candlesticks with the first one coming until the middle of the bearish candlestick and the second one closing above the bearish candlestick.

How to recognize three inside up patterns:

1) The market is in a downtrend.
2) A long bearish candlestick forms in the downtrend.
3) After the bearish candlestick a bullish candlestick forms penetraing until the middle of the bearish candlestick.
4) After the bullish candlestick another bullish candlestick forms closing above the bearish candlestick.

Important factors:

1) Alwyas make sure that the second bullish candlestick closes above the bearish candlestick.
2) Use another indicator like CCI to confirm the reversal.

Some examples of the three inside up candlestick reversal patterns:

The following are some examples of the three inside up candlestick reversal patterns for different currency pairs.

EURUSD Hourly Chart:

EURUSD Hourly Chart Three Inside Up Pattern

GBPCAD Hourly Chart:

GBPCAD Hourly Chart Three Inside Up Pattern

GBPJPY Hourly Chart:

GBPJPY Hourly Chart Three Inside Up Pattern

GBPUSD Hourly Chart:

GBPUSD Hourly Chart Three Inside Up Pattern