The Falling Three Candlestick pattern is a bearish continuation pattern that appears during a downtrend. This pattern consists of five candlesticks, with the 1st candle being a long bearish candlestick, followed by 3 small bullish candles that trade within the range of the 1st candlestick, and then a final long bearish candlestick that closes below the low of the 1st candle. Breakdown of the five candles in the pattern: The 1st candlestick is a long bearish candle that signifies the continuation of a downtrend. The 2nd, 3rd, and 4th candles are small bullish candles that trade within the range of the first candlestick. These candles represent a short-term pullback/ consolidation. The 5th candle is a long bearish candle that breaks below the low of the first candle, indicating a continuation of the downtrend. This considered a reliable bearish continuation pattern, as it shows that the sellers are still in control despite the brief pause in the downtrend. #educational #Binance #crypto2023 #BTC
What is Falling Three Candlestick ?
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