This 3 bar pattern when completed resembles this:

The setup consists of only the first two bars. The key here is:

1. The close of bar 1 must be near its low
2. Bar 2's high must not be much above the low of bar 1
3. Bar 2 must close al or near its hich {and preferably have opened near its high as well)
4. Bar 1's high should be 1+ points above the close (or high) of bar 2 to provide a decent profit – the expectation is for day 3 to aitcmpt to trade up to day 1 's high.

This is a variation on the 1 bar reversal. It is a 4 bar pattern with 3 bars setting up the trade for the fourth day. Day 1 must close at or near the bottom of that day's range. Day 2 opens at or near the close of day 1 and continues the prior day's sell off. Day 2 must also close at or near the low of that day's range. Day 3 must open at or near the close of day 2 and retrace back up to (or very near) the high of day 2. Also, day 3 must close at о near its high of the day If the stock opens or day 4 near the close of day 3 and begins to move up, buy it. The wider the range of bar 1, the better the trade.

Here is setup: