Exact formation
Three consecutive bullish candles, long bodies, openings within the previous body and progressively higher closes.
What is happening in the market
Demand remains in control for three sessions and buys each initial pullback.
Where it matters
After fall, base or breakout. If it appears too extended, it may arrive late and increase the risk of setback.
How to confirm it
Conservation of at least part of the third body and rupture of the previous structure.
When it is invalidated
Immediate rollback that deletes the sequence and closes below its origin.
Common mistake
Chasing the third candle when it is already far from support and the risk/reward ratio worsened.