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Candlestick pattern: Bullish Triple Formation
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The 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a potential continuation of the bullish movement thereafter.
It's important to note that this pattern may have variations, as instead of three candles correcting the first large bullish candle, there can be two or more than three.
The reliability of this pattern is high; however, it is still a single signal that should be accompanied by others to increase the probability of success in our analysis.
It's important to note that this pattern may have variations, as instead of three candles correcting the first large bullish candle, there can be two or more than three.
The reliability of this pattern is high; however, it is still a single signal that should be accompanied by others to increase the probability of success in our analysis.
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