Rising Three Methods

Three Methods Pattern

– Normally it should be a signal of continuation of the current Trend.

Rising Three Methods

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.

– The First and Fifth Candle are white and are longer than the other Three Candles of the Pattern.

– The Second, Third and Fourth Candle are black (Or they alternate the color: it only matters that they represent a Decline in Prices; normally is the Third Candle that can be of any color). Moreover these Candles are fully contained within the Real Body of the First Candle (or within the High-Low Range of the First Candle); while the Lows are above the Open of the First Candle and the Highs are below the Close of the First Candle.

– The Close of the Fifth Candle is above the Close of the First Candle.