Falling Three Methods

A bearish continuation pattern. A long black body is followed by three small body days, each fully contained within the range of the high and low of the first day. The fifth day closes at a new low.
 

Recognition Criteria:

·       DownTrend
·       First line is Long Black
·       Second line is Short White/Black and
·       Third line is Short White/Black
·       Fourth line is Short White/Black
·       Fifth line is Long Black
·       Closing price of the fifth line is lower than the first
·       Opening price of the fifth line is higher than the fourth
·       Low prices of the short lines are equal to or higher than the first line’s low price.
·       High prices of the short lines are equal to or lower than the first line’s high price.

 

Function: FallingThree()

Trend: Bearish

Type: Continuation