Bearish Three Inside Down Pattern
BEARISH THREE INSIDE DOWN PATTERN (BTIDP)
also called confirmed bearish harami pattern
1. Market is on an uptrend;
2. There is a Bearish Harami Pattern on Days 1 and 2; and
3. Day 3 has a black stick that has lower close than the previous day’s.
The Bearish Harami Pattern is evident on the first two days. The third day confirms the reversal proposed by the Bearish Harami Pattern since it is a black stick closing with a new low for the three days. Reliability is very high but a confirmation through a black stick with a lower close or gap-down is recommended.