Rising Three Methods
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Rising Three Methods



candle
Pattern continuation
Reliability high
 

Identification

A long white day in an uptrend is followed by three relatively small candles that move opposite the overall trend but stay within the range of the first day. The fifth day is a long white day that closes above the close of the first day and continues the uptrend.

The Psychology

In an uptrend, a long white day is followed by a brief pullback (preferably on lightish volume). The fifth day simply continues the trend. The brief pullback is nothing more than a few days off for the bulls.

The bullish Rising Three Methods is similar to the bullish Mat Hold.

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