Candlestick Patterns

Unique Three River

The Unique Three River is a bullish reversal pattern represented by three candles. During a downtrend, the first candle decreases and has a long body. It’s followed by a red hammer with a long lower wick. The third candle has a short body and doesn’t make any new low or high, although it starts increasing. The second and third ones are crucial to understand the pattern. The second one is a hammer, and usually, this type of candle suggests that the price has reached a demand zone. Finally, the third candle starts increasing, which confirms that the bearish trend could have ended. Therefore, many traders will take this pattern as a signal to open a long position.

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