24. Three Outside Down:
The Three Outside Down is a multiple candlestick pattern formed after an uptrend indicating bearish reversal.
It consists of three candlesticks, the first being a short bullish candle, the second candlestick being a large bearish candle which should cover the first candlestick.
The third candlestick should be a long bearish candlestick confirming the bearish reversal.
The relationship of the first and second candlestick should be of the Bearish Engulfing candlestick pattern.
Traders can take a short position after the completion of this candlestick pattern.
25. Bearish Counterattack–
The bearish counterattack candlestick pattern is a bearish reversal pattern that appears during an uptrend in the market. It predicts that the current uptrend in the market will make and the new downtrend will take over the market.
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