Bullish rising three methods

This pattern suggests that there was a brief pause or consolidation in the uptrend, but the buying pressure remained strong, and the uptrend is likely to continue. The three small black candlesticks represent a temporary pullback or profit-taking, but the overall trend remains bullish.

Type: Continuation

Relevance: Bullish

Prior Trend: Bullish

Reliability: High

Confirmation: Suggested

No. of Sticks: 5

The Bullish Rising Three Methods Pattern is a continuation pattern representing a pause during a trend without causing a reversal. The pattern is characterized by a long white candlestick followed by three small bodies in three consecutive days. The small bodies represent some resistance to previous uptrend and they may even trace a short downtrend. These three reaction days usually have black candlesticks but the bodies remain within the high and low range of the first day's white candlestick. The pattern is completed by a white candlestick on the fifth day, opening above the close of the previous day and closing at a new high. The small downtrend between the two long white candlesticks represents a break during the uptrend. The upward trend then resumes and continues.

Recognition Criteria:

1. Market is characterized by uptrend.

2. We see a long white candlestick in the first day.

3. Then we see small real bodies defining a brief downtrend but staying within the range of the first day on the second, third and fourth days.

4. Finally we see a long white candlestick on the fifth day opening above the close of the previous day and also closing at a new high.

Explanation: 

Bullish Rising Three Methods is a bullish candlestick pattern that occurs during an uptrend. It is made up of a long white (or green) candlestick, followed by three small black (or red) candlesticks that are contained within the range of the first candlestick, and then a long white (or green) candlestick that closes above the high of the previous three candlesticks.

Important Factors:

The high-low range includes the shadows. 

The reliability of this pattern is very high, but a confirmation in the form of a white candlestick with a higher close or a gap-up still is suggested.