Three Buddha Bottom Candlestick Formation

Description

The Three Buddha Bottom candlestick formation is the equivalent of the Head and Shoulders Bottom technical formation. It is formed over many candles with three lows being formed. First prices work down to a low and then retreat. Then prices work down to a lower low before retreating. Finally prices work back down to a low, but higher than the low that was achieved before. This occurs as price has been moving down, and is indicative of the bears running out of steam, and is a bullish reversal pattern.

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