Search This Site
Translation Web Sites TC2005 Candlestick Charts Patterns for Electronic and SIGN UP FOR Japanese Marketing
|
How to identify
The Three Stars In The South bull pattern shows a downtrend slowly deteriorating with less and less daily price movement and consecutively higher lows. The long lower shadow on the first day is critical to this pattern because it is the first sign of buying enthusiasm. The next day opens higher, trades lower, but does not go lower than the previous day's low. This second day also closes off its low. The third day is a black Marubozu and is engulfed by the previous day's range. The bears are certainly concerned now because of the higher low. The last day is a day of indecision, with hardly any price movement. Anyone who is still short will not want to see anything more to the up side. All indications are that the tide is slowly turning toward the bulls. Confirmation of the trend reversal would be with a white candlestick, a large gap up or by a higher close on the next trading day. BUY "Three Stars In The South Bull" Candlestick Chart Indicator Back to Glossary of BULL and BEAR Candlestick Chart Indicators. For an additional education on Japanese Candlestick Charting techniques, visit our Investment Bookstore and also check out the special pricing section called Fire Sale Books for great deals at the largest collection of Investment Books on the Internet. Click here if you'd like to be advised when the site is updated or refer this web site Home / Company Information / Promotions / TC2005 Candlestick Charts / Gift Certificate / Discount Book Store / Contests / Affiliate Programs / Internet Marketing Resources / Food for Thought ezine / Marketing Food for Thought ezine / Stock Market Info / Art / Telecom Services / Electronic Products / Favorite Links / Free Screensaver / Free Software / Email Updates / Refer This Site / Contact Us / By viewing this web site, you the visitor, agree to our
Disclaimer. |