The pattern is a sequence of three Doji. The occurrence of this pattern is extremely rare, so when it occurs it should not be ignored.
How to identify
- All three days are doji days.
- 2nd day gaps above the 1st and 3rd days.
This pattern is rare, so always be suspect of the data. This pattern is not reliable for stocks with low volume.
The huge amount of indecision created by these three dojis must not be ignored by traders. This level of indecision strongly suggests that the trend is about to change.