praveen.bhatiya

Reliable but rare Candlestick pattern : Three Stars in the South

NSE:JPASSOCIAT   JAIPRAKASH ASSOCIA
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"Three Stars in the South" is one of the most reliable bullish reversal pattern but it does not form very often. Identification criteria is as under. The market is in a downtrend;
The first candle is black with a long real body, long lower shadow, and no upper shadow;
The second candle is black with a shorter real body and a higher low than the first candle’s low;
And, the third candle is black with a short real body and no shadows and a close that’s within the high-low range of the second candle.
It is ranked first in top reversal candlestics pattern by Thomas Bulkowski.

Please post here if you find it.

Trade closed: target reached: Rewarded above 10% in 3 Bars. :)
10%.. Awesome!!!
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@safri, I have read about this candle's reliability and Universe was very kind. :)
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