You do not get scared, today's pattern is a bullish formation
Pattern: continuation
Reliability: moderate
Identification
A long white day is followed by a second long white day that gaps in the direction of the trend. The third day is black and fills the gap between the first two days.
The Psychology
In an uptrend a gap is simply filled. As long as the white candles have higher volume than the black, the one black profit taking day shouldn’t be a big concern. The uptrend should continue if indeed the stock is strong.
The bullish Upside Gap Three Methods is similar to the bullish Upside Tasuki Gap.
www.leavittbrothers...._methods_bullish.cfm
Reliability: moderate
Identification
A long white day is followed by a second long white day that gaps in the direction of the trend. The third day is black and fills the gap between the first two days.
The Psychology
In an uptrend a gap is simply filled. As long as the white candles have higher volume than the black, the one black profit taking day shouldn’t be a big concern. The uptrend should continue if indeed the stock is strong.
The bullish Upside Gap Three Methods is similar to the bullish Upside Tasuki Gap.
www.leavittbrothers...._methods_bullish.cfm
Probabilities Algorithmic & AT analysis.