Moneycontrol Be a Pro
Get App
YOU ARE HERE > Moneycontrol > Technicals > Glossary

Technicals

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Tech Control

Three Outside Up pattern is another name for confirmed Bullish Engulfing Pattern. It is a bullish reversal pattern. In this pattern, first candle is a small black candle, closing at its low. Second candle engulfs completely the previous candle and closes near its high, thus creating a lon, white candle. Third candle breaks the high of the second candle and closes even higher.

Strategy: The high of the third candle should be broken successfully, before initiating new long positions

FAQs:
Sections
Follow us on
Available On
PCI DSS Compliant