STOCK GOODIES PLAYS OF THE WEEK

[Nilbud]

THREE INSIDE DOWN (Bearish) The Bearish Three Inside Down Pattern is another name for the Confirmed Bearish Harami Pattern. The third day confirms the bearish trend reversal. Recognition Criteria: 1. Market is characterized by uptrend. 2. We see a Bearish Harami Pattern in the first two days. 3. We then see a black candlestick on the third day with a lower close than the second day. Explanation: The first two days of this three-day pattern is a Bearish Harami Pattern, and the third day confirms the reversal suggested by Bearish Harami Pattern since it is a black candlestick closing with a new low for the three days. Important Factors: The reliability of this pattern is very high, but still a confirmation in the form of a black candlestick with a lower close or a gap-down is suggested.