Candlestick pattern is a very powerful charting technique that traders use to predict stock prices.
![]() ![]() Reversal Candle Pattern SetUp This was taken from TradingView and one of our members converted it to ThinkorSwim. Essentially, the market is testing the waters below recently established lows to see if a downside follow-through will occur. When no additional selling pressure enters the market, the result is a flood of buying pressure that causes a springboard effect, thereby shooting price above the prior bars highs and creating the beginning of a bullish advance. ![]() Addlabel(label and ThreeInsideUp, Three Inside Up, Color.White). Please use them as additional confirmation or warning for a potential reversal. I recommend pairing it with other indicators to confirm your bias. I tried comparing them on a chart and they identify different candles. UseThinkScript is in no way affiliated with TD Ameritrade or the ThinkorSwim platform.
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