Three Stars in the South Definition
The three stars in the south pattern is a bullish reversal signal. The formation is comprised of three candlesticks and it shows up near the end of a long downtrend.
Three Stars in the South
Discussion
As I mentioned in the introduction, the statistics are based on just 9 samples. That is just 19,991 fewer than I like to see.
Bullish Three Stars in the South
The bullish three stars in the south (kyoku no santen boshi) candlestick pattern (view full size chart) is one of the triple candlestick patterns (i.e. it consists of three individual candlesticks), ...
Bullish Three Stars in the South
Weekly Charts: 0 found in last 10 weeks. Click here to see them.
This pattern signals a trend...
Three Stars in the South Bullish
Pattern: Reversal
Trend: Bullish
Reliability: Moderate ...
THREE STARS IN THE SOUTH
Description
The slow down of the trend is visually obvious. The opposite signal pattern is the Advance Block pattern. The long black body at the end of a downtrend is the first portion of this pattern.
Three Stars in the South
Pattern: reversal
Reliability: moderate
Identification
A long black day with a long lower shadow is followed by a similar but smaller black day whose lower shadow is shallower than the first day.
The Bullish Three Stars in the South Pattern shows a slowly deteriorating downtrend, which is characterized by less and less daily price movement and consecutively higher lows. Buying enthusiasm is reflected by the long lower shadow of the first day.
bullish three stars in the south candlestick • Bullish Three Stars in the South • Direction: Bullish •...
Morning Star, Morning Doji Star, Bullish Abandoned Baby, Bullish Tri Star, Bullish Breakaway, Bullish Three Inside Up, Bullish Three Outside Up, Bearish Three Outside Down, Bullish Kicking, Unique Three Rivers Bottom, Three Stars in the South, ...
 See also: Bullish, Pattern, Candle, Trading, Trend
  
|
RSS
