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Bullish Three White Soldiers

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. Three consecutive long white days with higher closes each day.
  2. Each day opens within the previous body.

Psychology...

This formation represent powerful unabated buying. Shorts would be wise to stay away from this steam engine. Longs should be prepared for a rest before proceeding on to higher prices.


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