HI, I hope you all doing well. Today I got this pattern in UNIUSADT chart its called (Rising 3 Method Candlestick Pattern). What is it and how its works according google: " The rising three methods candlestick pattern is a bullish continuation pattern that indicates a market is trending up and that prices may temporarily fall but will rise again. It's made up of five candlesticks, and can be used in a variety of time periods, including 5 minutes, 1 hour, intra-day, weekly, and monthly:Â
First candle:Â A large, green bullish candle that marks the start of the patternÂ
Second through fourth candles:Â Three short red candlesticks that indicate a temporary bearish trendÂ
Fifth candle:Â A large green candle that closes above the first candle and signals the continuation of the bullish trendÂ
This pattern is a valuable tool for traders in a variety of markets, including stocks, forex, and cryptocurrencies. It can signal a strong buy-side period and indicate that the current uptrend is likely to continue. Traders can use this pattern as a signal to hold onto long positions or enter new ones."
REMEMBER: 1 Day chart.
