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Originally Posted by brainjt
EJ GJ UJ NZDUSD ( 3 outside up )- what does it mean? strong trend? stop trade?? can you please explain it me?  thx bj |
All of them is on UT.. (refers to the candlestick formation rules). All of formation in this indicator ( pattern recognition ) is
REVERSAL pattern not
CONTINIOUS pattern.
3 outside up
( means bullish reversal pattern. Previous pattern should be bullish engulfing )
3 inside up
( means bullish reversal pattern. Previous pattern should be bullish harami )