Candlestick Patterns | Bullish Rising Three Methods

Bullish Rising Three Methods

This pattern signals a potential trend

How to identify.

  1. 1st day is a long white day.
  2. Three small body candlesticks follow the 1st day. Each trends downward and closes within the range of the 1st day.
  3. The last day is a long white day and closes above the 1st day’s close.

Psychology

This is a pattern which shows the market taking a breather before continuing its uptrend. Notice that a new low is not seen during the

4 remaining days of this pattern. This gives confidence to the bulls, making way for the next move upward in price.

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