Rising Three Methods Candlestick Formation
Description
A true Rising Three Methods candlestick formation is composed of 5 candlesticks. The first candlestick is a long green candlestick in an uptrend, which shows bullish sentiment. This is followed by 3 small red candlesticks which close lower, but do not take out the low of the initial large white candlestick. Finally, there is another large white candlestick which goes on to new highs. This is a bullish continuation pattern.