Candlestick Patterns |Bullish Upside Gap Three Methods

Bullish Upside Gap Three Methods

Bullish Upside Gap Three Methods consists of three candles. The first long white candle is followed by another long white candle in the trend’s direction. The third day is a black candle, filling out the gap between the first two days.

How to identify

  1. 1st two day are long white days with a gap between them.
  2. 3rd day is a red day that fills the gap of the 1st two days.

Psychology

The gap up on the 2nd day gets filled by the 3rd day. More investigation of the previous weeks is recommended in order to see if this is the first gap. If so, then this pattern is probably displaying short selling to ‘close the gap’ created and the bullish trend should continue.

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