Profile Solutions Inc. (PSIQ)

[ospreyeye]

YFRM Chart.......Bullish Harami Cross formed yesterday......today's white candle confirms the buy signal....

Today YFRM is forming a Bullish Three Inside Up pattern......this is a confirmation pattern.....if YFRM closes above yesterday's share price the 3 inside up pattern will have formed......$$$


BULLISH THREE INSIDE UP

Type: Reversal
Relevance: Bullish
Prior Trend: Bearish
Reliability: High
Confirmation: Suggested
No. of Sticks: 3

Definition:

The Bullish Three Inside Up Pattern is another name for the Confirmed Bullish Harami Pattern. The third day is confirmation of the bullish trend reversal.

Recognition Criteria:

1. Market is characterized by downtrend.
2. We see a Bullish Harami Pattern in the first two days.
3. Then we see a white candlestick on the third day with a higher close than the second day.
Explanation:

The first two days of this pattern is simply the Bullish Harami Pattern, and the third day confirms the reversal suggested by the Bullish Harami Pattern, since it is a white candlestick closing with a new high for the last three days.

Important Factors:

The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.