Unique Three River Bottom is a bullish trend reversal candlestick pattern consisting of three candles.
The Unique Three River Bottom candlestick pattern is recognized if:
The first candle is long and bearish and continues the downtrend;
The second candle is bearish, has a long lower shadow and its body is completely inside the previous candle's body;
The second candle's Low price is less than that of the first candle;
The third candle is small and bullish, its Close price is lower than that of the second candle.
||The number of candles used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long.|
||The number of preceding candles to check if the trend exists.|
||The factor used when checking if a candle is short. A candle is considered short if its body height is less than the average multiplied by this factor.|
||The Unique Three River Bottom candlestick pattern.|