The Most Popular 3 CandleStick Patterns (Bullish & Bearish Scenario)
1: The Morning and Evening Star
These triple candlestick patterns indicate the current trend is going to end.
In the Morning star, the first candle is bearish, the second candle has a small body, and the third candlestick shows a reversal in trend while in the Evening star pattern, the first candle is bullish, the second candle has a small body, and the third candlestick shows a reversal in trend as highlighted in the Image.
2: The Three White Soldiers and Black Crows
The White Soldiers candlestick pattern takes place when three long, bullish candles develop. It usually happens following a downtrend, meaning that a reversal pattern is ongoing. This is a potent pattern, which usually takes place after a long downtrend and a period of consolidation. The second candle needs to be larger than the body of the previous candle. The last candlestick should be the same size or larger than the second candle.
The Bearish three black crows pattern is the opposite of the white soldiers triple candlestick. It's noticed when there is three bearish candles at the end of a long uptrend indicating that a reversal is likely to follow. The second candle body needs to be bigger than the first candle body. The third candle should be the same size or larger than the second candle.
3: The Three Inside Up and Inside Down
the three inside-up triple candlestick pattern is seen at the end of a down trend to confirm a trend reversal is ongoing. A long bearish candlestick at the bottom of a downtrend followed by a second candle that reaches the midpoint of the first candle. Finally, the third candlestick needs to close above the high of the first candle.
The three inside down triple candlestick pattern follows an uptrend and indicates a reversal is likely to come next. A long bullish candlestick at the start of the pattern. Then, the second candle needs to reach the midpoint of the first candle. Finally, the third candle needs to close below the low point of the first candle indicating a reversal is going to happen next.