Downside Gap Three Methods Candlestick Formation
Description
The Downside Gap Three Methods candlestick formation is composed of 3 candlesticks. The first candlestick is a red candlestick in a downward trend. The second candlestick is ais second red candlestick whose body (open and close) below the close of the first candlestick. The third candle is a green candle which opens below the close of the first body and closes above that close, thereby closing the gap of the first 2 candles. When price confirms this is a bearish continuation pattern.