Three Stars in the South Bullish
A downtrend has continued when, after a new low has been made, a rally closes well above the low. This will cause some concern among the shorts because it represents buying, something that has not been
happening until now. The second day opens higher, which lets some longs get out of their positions. However, that is the high for the day. Trading is lower, but not lower than the previous day, which causes a rally to close above
the low. The bears are certainly concerned now because of the higher low. The last day is a day of indecision, with
hardly any price movement. Anyone who is still short will not want to see anything more to the up side.