Candlestick Patterns | Bearish Three Outside Down

Bearish Three Outside Down

This is a confirmed Bearish Engulfing pattern. The first two lines are exactly the same as the Bearish Engulfing pattern and the third day represents its confirmation.

How to identify

  1. Bearish Engulfing pattern occurs making up the 1st two days.
  2. The 3rd day closes lower than the 2nd day.

Psychology

This is the confirmation of the Bearish Engulfing pattern.

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