Candle Body
The first candle is a small bearish candle, followed by a large bullish and then a medium bullish candle.
Candle Wick / Shadow
The Wicks of all candles are usually the same medium length.
Candle Colors
The first candle is red, followed by two green candles.
Modus Operandi
This pattern is typically formed in a downtrend or an extended corrected price swing in an uptrend. It indicates a potential price reversal to the upside. The open price of the second candle is lower than the close price of the first candle. The close price of the second candle is higher than the open price of the first candle.
The close price of the third candle is higher than the close price of the second candle.
Fun Fact
This pattern is an extension of the Bullish Engulfing pattern.
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