Get started

Threebarpullback

3 Bar Pullback PatternWe have the market moving in a clear downtrend (bearish) and there is a classic 3-bar pullback pattern that develops by moving up against the trend. How do we trade it? Wait for three consecutive bearish bars. Then, sell above the next bullish bar (aggressive). I would rather you don’t enter the market short until the candle has moved at least half the distance of the third candle in the pullback. PS: In a up or bullish trend, the 3-bar reversal pattern would be the opposite pattern with 3 bars or candles moving down against the downtrend. And you could trade the market long.
BITSTAMP:BTCUSD
by JaDeVin
1