Three Bar Break is based on one of Linda Bradford Raschke's trading methods that I have noticed is good at spotting potential future price volatility. It looks for when the 1st bar's High is less than the 3rd bar's High as well as the 1st bar's Low to be higher than the 3rd bar's Low.Aug 18, 2017
What is a 4 bar play?
JRL_6 Aug 22, 2020. This indicator helps identify 3-bar and 4-bar plays, which are price action patterns consisting of a wide ranging bar that breaks above or below resistance or support, followed by one or two collecting/consolidating bars, then a continuation bar in the direction of the new trend.Aug 22, 2020
What is a three bar pattern?
Three Bar Reversal & Go pattern consists of 3 to 5 bearish candles after a bullish breakout. This chart pattern also gives false signals. The best way to handle losing trades when trading three bar reversals is to place a stop loss below the last candle of the pattern.Jan 7, 2012
What is a 3 bar play in stocks?
https://www.youtube.com/watch?v=o3gbEYlcViI
What is a 3 bar pattern?
The 3 bar reversal pattern is a technical indicator that is used to identify trend reversal signals. The pattern involves 3 consecutive candlesticks, whose movement indicates whether a reversal in the trend is bound to happen or not.