Three consecutive long up candles, each opening within the prior body and closing near its high at a higher close. Shows steady buying.
How traders use it: After a decline or a base it can mark a shift in control. After a long rally, it may instead show an overextended move.
Common mistake: Buying at the end of the third candle with a stop below the first, which can be a very wide risk.
Related: Three black crows · Momentum · Marubozu
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Concepts only. Education only, not financial advice. No pattern on this site has a published win rate.