✤ Setup Conditions:
1. 1st candle’s close must be greater than 1st candle’s open, it means 1st candle is a bullish candle.
2. 2nd candle’s close must be greater than 2nd candle’s open, it means 2nd candle is a bullish candle..
3. 3rd candle’s close must be greater than 3rd candle’s open, it means 3rd candle is a bullish candle..
4. 2nd candle’s high must be greater than 1st candle’s high, it means 2nd candle has a higher high.
5. 2nd candle’s low must be greater than 1st candle’s low, it means 2nd candle has a higher low.
6. 2nd candle close must be greater than 1st candle’s high, it means 2nd candle is a breakout candle.
7. 3rd candle’s high must be greater than 2nd candle’s high, it means 3rd candle has a higher high.
8. 3rd candle’s low must be greater than 2nd candle’s low, it means 3rd candle has a higher low.
9. 3rd candle’s close must be greater than 2nd candle’s high, it mean 3rd candle is a breakout candle.
✤ Type
☛ Bullish Reversal
✤ Trend Context
☛ Appears at the bottom of a downtrend or after a period of consolidation.
✤ Significance
☛ Strongly bullish, signaling the start of ann uptrend.
✤ Structure
☛ Three consecutive long bullish (green) candles.
☛ Each candle openns within the body of the previous one and closes higher.
✤ Psychology
☛ Buyers consistently overpower sellers, indicating a complete shift in market sentiment to bullishness.
☛ Each subsequent close higher reinforces the trend reversal.