Falling Three Methods Candlestick Formation
Description
A true Falling Three Methods candlestick formation is composed of 5 candlesticks. The first candlestick is a long red candlestick in a downtrend, which shows bearish sentiment. This is followed by 3 small green candlesticks which close higher, but do not take out the high of the initial large red candlestick. Finally, there is another large red candlestick which goes on to new lows. This is a bearish continuation pattern.