{"id":214,"date":"2009-12-31T11:46:48","date_gmt":"2009-12-31T17:46:48","guid":{"rendered":"http:\/\/www.stockhideout.com\/stock-blog\/?p=214"},"modified":"2016-04-20T09:13:18","modified_gmt":"2016-04-20T15:13:18","slug":"bullish-unique-three-river-bottom-pattern","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/learn\/bullish-unique-three-river-bottom-pattern\/","title":{"rendered":"Bullish Unique Three River Bottom Pattern"},"content":{"rendered":"

\"\"<\/a><\/p>\n

BULLISH UNIQUE THREE RIVER BOTTOM PATTERN (BUTRBP)<\/strong>
\nthe strength of the bear becomes questionable<\/p>\n

Characteristics:<\/strong>
\n1. Market is on a downtrend;
\n2. Day 1 has a long black stick;
\n3. Day 2 has a hammer-like black candlestick;
\n4. The lower shadow on Day 2 sets a new low; and
\n5. Day 3 has a short white stick that is below the Day 2 candlestick.<\/p>\n

Brief Explanation:<\/strong>
\nIn this pattern, there is long black candlestick in a market that is falling. On Day 1, we see a long black candlestick in a falling market. Day 2 opens at a higher level, but the bearish sentiment is strong resulting to a new low during the day. However, the day closes near the high thereby producing a small black body within Day 1\u2019s body. This makes the strength of the bears questionable. The uncertainty is further bolstered when Day 3 opens not lower than the low of Day 2. The small white body on Day 3 shows stability. The third day ends with a rally that closes below the close of Day 2. If on the fourth day, the price rises to a new high, then there is a confirmed trend reversal.<\/p>\n

Notes:
\n1. It is suggested that a confirmation on the fourth day must be done to show that that the downtrend has reversed (in the form of a white stick, a large gap up or a higher close on the fourth day). <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

BULLISH UNIQUE THREE RIVER BOTTOM PATTERN (BUTRBP) the strength of the bear becomes questionable Characteristics: 1. Market is on a […]<\/p>\n","protected":false},"author":1,"featured_media":1368,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[23,12,8,4],"tags":[],"class_list":["post-214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2-medium-reliability-bullish","category-bullish-candlesticks","category-candlestick-charts","category-learn-stock-charts"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/comments?post=214"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/posts\/214\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/media\/1368"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/media?parent=214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/categories?post=214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/learn\/wp-json\/wp\/v2\/tags?post=214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}