CANDLESTICK PATTERNS COURSE

Learn Everything About Candlestick Patterns

Three Inside Down

Three Inside Down is the opposite of the Three Inside Up pattern as it indicates a bearish reversal. The pattern is comprised of three candlesticks. The first candlestick in this pattern is bullish and has a long real body that shows the bulls are in control. The second candlestick in the pattern has a small real body and it remains contained within the real body of the first candlestick. The third candlestick that confirms the pattern is bearish and has a long real body and it closes significantly lower than the low of the first candlestick. A general rule of thumb is that the deeper the third candlestick closes the stronger the pattern is.

To further understand the pattern let’s take a look at the following chart of GBP/JPY. You can see the pair was moving higher until a Three Inside Down pattern appeared around 139.50. The first candlestick is bullish which is followed by a bearish candlestick. The third candlestick in the pattern is also bearish and has a long real body. The third candlestick closed way below the closing of the first candlestick and confirmed the bearish reversal. Following the reversal signal, the pair started to move lower towards 133.00

Tutorials

History of Japanese Candlestick Chart and Patterns

History of Japanese Candlestick Charts & Patterns The...

Doji Candlestick Patterns

Doji Candlestick Patterns Doji candlesticks frequently appear in...

Hammer Pattern

Hammer Pattern Hammer is one of the widely...

Inverted Hammer

Inverted Hammer Pattern An inverted hammer is also...

Shooting Star

Shooting Star Pattern Candlestick patterns are versatile as...

Hanging Man

Hanging Man Pattern Hanging man is also a...

Engulfing Patterns

Engulfing Patterns An Engulfing Pattern is a reversal...

Dark cloud Cover

Dark cloud Cover Dark Cloud Cover is another...

Tweezer Tops and Bottoms

Tweezer Tops and Bottoms Tweezer Tops and Bottoms...

Harami Patterns

Harami Patterns Harami Patterns are the reversal patterns...

Two Black Crows Upside Down Pattern

Two Black Crows Upside Down Pattern Two Back...

Three Black Crows Pattern

Three Black Crows Pattern Three Black Crows is...

Morning Star Pattern

Morning Star Pattern Morning star is a well-known...

Evening Star Pattern

Evening Star Pattern The Evening Star pattern is...

Three Soldiers Pattern

Three Soldiers Pattern The three Soldiers Pattern is...

Three Inside Up Pattern

Three Inside Up Three Inside Up is a...

Three Inside Down

Three Inside Down Three Inside Down is the...