A 3-bar pivot is a candlestick pattern that can be used to identify potential reversals in the market. It is formed by three candlesticks, with the middle candlestick having a higher high and lower low than both of the other two candlesticks.
The 3-bar pivot pattern can be bullish or bearish, depending on the direction of the preceding trend. If the preceding trend is bullish, then a 3-bar pivot pattern with a lower high and lower low is a bearish reversal signal. Conversely, if the preceding trend is bearish, then a 3-bar pivot pattern with a higher high and higher low is a bullish reversal signal.
XLK:
XLF:
XLC:
SMH:
AMAT:
AAL:
C:
WMT:
FCX:
These are 10 real-time example, you can look at their future performance!
The 3-bar pivot pattern can be bullish or bearish, depending on the direction of the preceding trend. If the preceding trend is bullish, then a 3-bar pivot pattern with a lower high and lower low is a bearish reversal signal. Conversely, if the preceding trend is bearish, then a 3-bar pivot pattern with a higher high and higher low is a bullish reversal signal.
XLK:
XLF:
XLC:
SMH:
AMAT:
AAL:
C:
WMT:
FCX:
These are 10 real-time example, you can look at their future performance!