Classic stock market trend: two bulls sandwiching one bear, known as the bullish cannon.
1. Pattern Description: The two bulls sandwiching one bear candlestick consists of three candlesticks.
The first and third candlesticks are bullish (bullish candlesticks), while the second candlestick is bearish (bearish candlestick), and this bearish candlestick is completely engulfed by the two bullish candlesticks.
The two bulls sandwiching one bear candlestick combination usually appears in an upward trend and is a bullish continuation pattern, indicating that the market is likely to continue upward.
1. The first candlestick is a large bullish candlestick representing the initial upward wave.
2. The second candlestick is a bearish candlestick, and this bearish candlestick is entirely located within the body of the first large bullish candlestick.
3. The third candlestick is also a large bullish candlestick, and the body of this large bullish candlestick completely engulfs the body portion of the bearish candlestick.
4. The closing price of the third large bullish candlestick is ideally the same as the closing price of the first large bullish candlestick.
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