THREE BAR PULLBACK

The Three Bar Pullback is the most straightforward strategy in this list. It is easy to spot and stays close to price action.

Look for three consecutive candlesticks against the trend.

Pullback Strategies - Three Bar Pullback

There are three patterns pointed out in the chart above. However, if you look at them carefully, they can be interpreted differently.

(For instance, the first formation is made up of Dojis-like candlesticks and is not an ideal Three Bar Pullback. But it turned out fine partly because it is also a Congestion Breakout-Failure, a pattern covered in my course.)

See more Three Bar Pullback examples in this strategy that adds the TRIX indicator into the mix.



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