|Three Outside Up
A bullish Engulfing pattern is followed by a white day whose close is higher
than the second day.
In a downtrend or during a pullback within an uptrend, a bullish Engulfing
pattern forms. By itself the pattern has moderate reliability as a reversal
indicator, but when the it is followed by another white day (preferably
on strong volume), the overall pattern becomes much more reliable.
The Three Outside Up may be a continuation of the bullish Engulfing.