The Three Outside Up is multiple candlestick pattern which is formed after a downtrend indicating bullish reversal.
The relationship of the first and second candlestick chart should be of the Bullish Engulfing candlestick pattern.
Below is an example of Three Outside Up Candlestick Charts Pattern:
It consists of three candlesticks, the first being a short bearish candle, the second candlestick being a large bullish candle which should cover the first candlestick.
The third candlestick should be a long bullish candlestick confirming the bullish reversal.
Traders can take a long position after the completion of this candlestick pattern.
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Candlestick Patterns