The Three Rising Candlestick Methods
The rising three methods candlestick pattern is a bullish continuation pattern that signals a potential continuation of an uptrend.
It's formed by five candlesticks:
A tall bullish candlestick (green or white)
Three small bearish candlesticks (red or black) that don't break below the low of the first candlestick
Another tall bullish candlestick that closes above the high of the first candlestick
The three small bearish candlesticks in the middle represent a temporary pause or pullback in the uptrend.
However, the bulls are able to regain control and push prices higher, as shown by the closing of the fifth candlestick above the high of the first candlestick.
Here's an image of the rising three methods candlestick pattern:
While the rising three methods pattern is a bullish continuation signal, it's important to consider other technical indicators and market conditions before making trading decisions.
