This pattern indicates a strong reversal in the market. It is characterized by three normal or long incrementing upwards. The opening of each day is slightly lower than previous close and prices progressively close at higher levels. This staircase like behavior signals the reversal of the trend.
1. The market is characterized by a prevailing downtrend.
2. Three consecutive normal or long white are observed.
3. Each opens within the body of the previous day.
4. progressively close at new highs, above the preceding day.