Pattern Detail

Bullish Two Rabbits

Three-candle bottom: a long down candle, an up candle that gaps below it, then an up candle that climbs back into the first candle's body.

A real Bullish Two Rabbits on NQ daily bars, Sep 17, 2014. Price then followed through 0.5% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.
A real Bullish Two Rabbits on NQ daily bars, Sep 17, 2014. Price then followed through 0.5% over the next 5 bars. The bright candles are the pattern; the dimmed bars are surrounding context.

Shown only on the markets where this pattern occurs.

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How to read this

Everything here is in R, the setup's own risk. 1R is the distance from the entry (the pattern's closing price) to where it would be proven wrong — its lowest low over the 3 bars that form it. So "offered 2R" means price ran twice that distance in your favor at some point before the stop. It does not assume you took profit there: a target is a strategy choice.

Room offered (≥ 1R)

100.0%

Too few to trust

Offered at least 1× its risk before the stop, vs 42.6% for a random long entry (+57.4 pts).

Move size vs normal

0.73×

Realized range over the next 20 bars vs a random bar. Precedes a quieter stretch.

Typical room (20-bar)

2.12R

Average run in favor (capped at 3R), vs 1.10R for a random long entry.

Summary

Offered ≥1R 100.0% of the time vs 42.6% for a random long entry. The 57.4-point gap is no bigger than the ±68.5-point margin of error you would get by chance from 2 occurrences. Not a reliable edge.

Room offered, this setup vs a random long entry

Only 2 occurrences. The breakdown below is shown in full, but a sample this small is anecdotal, a hint, not a measured edge. That is usually a limit of available history, not a flaw in the pattern. For a firmer read, try a lower timeframe or a more active instrument.

Outcome This setup Random entry Edge
Offered ≥ 1R 100.0% 42.6% +57.4
Offered ≥ 2R 50.0% 27.0% +23.0
Offered ≥ 3R 50.0% 18.3% +31.7
Stopped < 1R 0.0% 53.6% -53.6
Went sideways 0.0% 3.8% -3.8

2 occurrences · 356,990 random-entry controls · 20-bar horizon

A two rabbits is a three-candle bottom that forms after a sharp fall. A long down candle prints, then an up candle gaps below it. A second up candle opens inside that first rabbit and rallies all the way back up, closing inside the body of the original long down candle. The two up candles are the rabbits, hopping up out of the gap. They show buyers stepping in hard after the drop and reclaiming most of the lost ground.

How to spot it

  • The market is falling into the pattern.
  • The first candle is a long down (red) candle that fits the decline.
  • The second candle is an up (green) candle that gaps below the first.
  • The third candle is another up candle that opens inside the second candle’s body.
  • That third candle closes back inside the body of the first long down candle, recovering most of the drop.

The dashed box on the chart above marks the three candles on a real occurrence, with the decline before and the move after.

The psychology

The sharp down candle is the sellers at full stretch, and the next bar gaps below it, opening at fresh lows where the bears look firmly in command. But that second candle closes green. Buyers met the gap-down and lifted price off the floor, a first small sign that the supply driving the fall is drying up.

The third candle is the one that turns the mood. It opens inside the second rabbit and rallies all the way back into the body of the original long down candle, recovering most of the ground the decline took. Two up bars hopping out of the gap show buyers arriving with real size and pressing their advantage twice in a row. Anyone who sold into the lows is now caught above the market, and their need to cover adds to the lift. Control has moved from the side that drove price down to the side now carrying it back up.

Whether that energetic recovery extends into a durable turn is what the figures below examine.

Does it actually work?

A pattern is a setup, not a trade, so the honest question is not “did it win” but “how much room did it tend to offer before it was proven wrong.” The tabs below answer that across five futures markets (Nasdaq, S&P 500, gold, crude oil, natural gas) and seven timeframes from one minute to one day.

For each occurrence we measure the room the move offered in units of the pattern’s own risk, then set it against what a random entry on the same market would have done. When the pattern offers more room more often than chance, that shows up as a real edge. When it does not, the page says so plainly.

Read it with the sample size in view. On the faster timeframes a pattern can fire thousands of times, enough to trust. On the daily chart it is far rarer, so treat those numbers as a hint rather than a verdict. Thin samples are flagged for you on the page.

How we measured it

  • Entry is the close of the final candle of the pattern.
  • One unit of risk, 1R, is the distance from that close down to the pattern’s invalidation point: the lowest low of the three candles that form it. If price trades through there, the setup is wrong.
  • We then follow the next 20 bars and record how far price ran in your favor, in multiples of that risk, before the stop was hit.
  • Every figure is set against a random entry on the same market and timeframe, so the market’s own drift is accounted for.
  • No profit target and no position sizing. Where you take profit is a strategy choice; this measures only the room the pattern tends to give.

What this page does not cover

  • Volume on the pattern’s candles.
  • Whether the pattern forms at a meaningful support level.
  • Pairing it with a trend filter or a confirming signal.
  • A profit target or position sizing. We use the pattern’s own invalidation point as the stop to define risk, but where you take profit, and how much you put on, are strategy decisions this page leaves to you.

Sample Bullish Two Rabbits Firings (2)

Based on data through Apr 29, 2026

Time Risk (pts) Room offered Result
Jul 21, 2021, 8:35 AM CDT 41.75 1.24R Ran ≥1R
Dec 31, 2008, 12:30 PM CST 1.5 3.00R Ran ≥1R

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