FRED TAM'S WHITE INSIDE OUT UP

 FRED TAM'S WHITE INSIDE OUT UP:-

                            

DEFINITION:-

*Fred Tam’s White Inside Out Up is a two-day bullish reversal pattern identified by the author. 

*Two opposite-coloured real bodies distinguish it. In a bullish scenario, the second day’s white real body 

*opens within the first day’s black real body but closes above the first day’s open. 

*The shadows are not important here.

RULES FOR ENTERING INTO A TRADE:-

1.A downtrend must be in progress.

2. The first day must be a black candle.

3. The second day opens within the first day’s black real body, rallies, and closes above the black candle’s real body. In other words, the second day’s real body partially engulfs the first day’s real body. The colour of the second day is white. The shadows are unimportant. 

4. This pattern is a variation of the Bullish Engulfing. The difference between these two patterns is that in the Bullish Engulfing, the second day opens below the first day’s black real body whereas in this pattern the second day opens within the first day’s black real body.