Equity Based Analysis > Technical Analysis > Candlestick Functions > Rising Three Methods |
A bullish continuation pattern in which a long white 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 high.
Recognition Criteria:
· UpTrend
· First line is Long White
· Second line is Short White/Black and
· Third line is Short White/Black
· Fourth line is Short White/Black
· Fifth line is Long White
· Closing price of the fifth line is lower than the first
· 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: RisingThree()
Trend: Bearish
Type: Continuation