Stick Sandwich Bullish

 

Pattern: Reversal Trend: Bullish Reliability: Moderate

 

How to Identify it

• The first day is a black day
• The second day is a white day that trades above the close of the first day
• The third day is a black day with a close equivalent to the first day

What it Means

This pattern shows three days consecutive higher opens, but results in an eventual close equal to the first day’s close. This pattern is indicative of the market finding a support price. The overall trend has the potential to reverse, building on the new support price.