Unique Three-River Bottom

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Figure 1.

Figure 1. Unique Three-River Bottom pattern.

Japanese name: sankawa soko zuka
Forecast: bullish reversal
Trend prior to the pattern: downtrend
Opposite pattern: none

Construction:

  • First candle
    • black candle
    • a candle in a downtrend
  • Second candle
    • black candle
    • a body within the prior body
    • the lower shadow is at least twice longer than the body
    • the low price below the prior low price
  • Third candle
    • white candle
    • a body located below the prior body
    • the low price above the prior low price

 

The Unique Three-River Bottom is a bullish reversal three-line pattern. Its very specific form causes that it appears extremely rarely on the candlestick charts.

The first line is a black candle appearing as a long line in a downtrend.

The second line is also appearing as a long line having a black body located within the previous body. Candle's lower shadow needs to be at least twice longer than its body. Additionally the low price has to be below the first line low price.

The third line may be formed by any white candle appearing as a short line. Candle's body needs to be positioned under the second line's body. The low price has to be above the previous low price.

 

Figure 2.

Figure 2. The Unique Three-River Bottom is among the most rarely appearing candlestick patterns on the chart.
Above we can see that the biggest problem of a Unique Three-River Bottom appearance is its first line, which is recognized as a Bearish Strong Line pattern. Indeed, a few days later after the Unique Three-River Bottom appeared, the bears regained control of the market.

 

Unique Three-River Bottom statistics

Below you can find some Unique Three-River Bottom pattern statistics calculated by CandleScanner software.

Pattern name: Unique Three-River Bottom
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/1995 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 2,236,421
Number of occurrences (Unique Three-River Bottom): 30
Number of occurrences (all candlestick patterns): 638,570
% of occurrences (Unique Three-River Bottom): 0.00 %
Average frequency: 74,547.4
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 8 6 7 9
% of
Occurrences
0.00 % 26.67 % 20.00 % 23.33 % 30.00 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 8 4 6 12
% of
Occurrences
0.00 % 26.67 % 13.33 % 20.00 % 40.00 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
ALXN 1 4,867.0 1 100.00 % 1 100.00 %
LUV 1 5,034.0 1 100.00 % 1 100.00 %
MMC 1 5,034.0 0 0.00 % 1 100.00 %
NI 1 5,034.0 1 100.00 % 1 100.00 %
PKI 1 5,034.0 1 100.00 % 1 100.00 %
PRGO 1 5,034.0 0 0.00 % 1 100.00 %
TMK 1 5,034.0 1 100.00 % 1 100.00 %
TSN 1 5,034.0 1 100.00 % 1 100.00 %
VAR 1 5,034.0 0 0.00 % 1 100.00 %
VMC 1 5,034.0 1 100.00 % 1 100.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
AES 1 5,034.0 1 100.00 % 1 100.00 %
CCE 1 5,034.0 1 100.00 % 1 100.00 %
FITB 1 5,034.0 1 100.00 % 1 100.00 %
GME 1 3,368.0 1 100.00 % 1 100.00 %
GPS 1 5,034.0 1 100.00 % 1 100.00 %
LLTC 1 5,034.0 1 100.00 % 1 100.00 %
PHM 3 1,678.0 2 66.67 % 2 66.67 %
Pattern name: Unique Three-River Bottom
Scanner settings: daily stocks
Group: S&P500
Number of symbols: 502
Date range: 7/1/2010 - 6/30/2015
Time interval: daily candles
Total number of candlesticks: 614,034
Number of occurrences (Unique Three-River Bottom): 7
Number of occurrences (all candlestick patterns): 166,328
% of occurrences (Unique Three-River Bottom): 0.00 %
Average frequency: 87,719.1
Efficiency statistics (5 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 2 2 1 2
% of
Occurrences
0.00 % 28.57 % 28.57 % 14.29 % 28.57 %

 

Efficiency statistics (10 candlesticks testing period)

Efficiency NO DATA FALSE LOW MEDIUM HIGH
Number of
Occurrences
0 2 1 1 3
% of
Occurrences
0.00 % 28.57 % 14.29 % 14.29 % 42.85 %

 

10 top best performing symbols

Occurrences Statistics 5 candlesticks testing period
(HIGH efficiency)
10 candlesticks testing period
(HIGH efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
PHM 1 1,258.0 1 100.00 % 1 100.00 %
PRGO 1 1,258.0 0 0.00 % 1 100.00 %
VMC 1 1,258.0 1 100.00 % 1 100.00 %

 

10 top worst performing symbols

Occurrences Statistics 5 candlesticks testing period
(FALSE efficiency)
10 candlesticks testing period
(FALSE efficiency)
Symbol Number of
Occurrences
Average
Frequency
Number of
Occurrences
% of
Occurrences
Number of
Occurrences
% of
Occurrences
CCE 1 1,258.0 1 100.00 % 1 100.00 %
GME 1 1,258.0 1 100.00 % 1 100.00 %

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