STOCK GOODIES PLAYS OF THE WEEK

[Nilbud]

THREE OUTSIDE UP The Bearish Upside Gap Two Crows Pattern is a three-candlestick pattern and it signals a top reversal. The first candlestick is a long white candlestick followed by a real body that gaps higher. Then another black real body appears, which opens above the second day’s open and closes under the second day’s close, completing the pattern Recognition Criteria: 1. Market is characterized by downtrend. 2. We see a Bullish Engulfing Pattern in the first two days. 3. The third day is a white candlestick with a higher close than the second day. Explanation: The first two days of this three-day pattern is simply a Bullish Engulfing Pattern, and the third day confirms the reversal suggested by the Bullish Engulfing Pattern since it is a white candlestick closing with a new high for the last three days.