Rising Three Methods
High profit candlestick patterns Here we will cover the well-known candlestick patterns for informational purposes only. The schematics on the left show how it may look in the real chart. Every pattern has a funny name and brief description. Important to note, a reversal pattern does not necessarily result in complete trend reversal, but a minor change or pause in price action. Bullish continuation patterns Bullish continuation patterns signal that the established trend will continue. Before a pattern appears, you should identify a short-term uptrend. We will talk about trend definition later. A continuation pattern often lead to consolidation. Rising Three Methods A long bullish candlestick is followed by some small candlesticks forming a brief downtrend that does not exceed the low of the first candlestick. The fifth bullish candlestick closes at a new high. It confirms that the bullish mood has resumed.