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Three Outside Down

Hit Rate:

70 %

Candle Count:

3 Candles

Outlook:

Bearish Reversal

About the Pattern:

  • the first candle is bullish and small

  • the second candle is bearish and engulfs the first one completely

  • the third candle is bearish and closes below the other ones

Outlook:

  • the end of an uptrend and start of a downtrend

  • the end of a pullback, resuming a downtrend

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