This is my favourite candle setup. Downtrend, then a white candle with a long bottom shadow, then another white candle on the next day that closes above the last red candle of the downtrend.
You could call it a three inside up pattern, but its better because of the long shadow.
Bonus points if you know what chart this is from! It sure highlights that candlestick pattern pretty well
__________________
No. of Trades: 139
Avg. Trades per Day: 0.73
Overall Net Pips: -348
Net % Gain: -21.87
As of: May 10, 2008
Last edited by akeakamai : 02-19-2008 at 09:20 AM.
|