NeeteshJain
Education

Educational 17: Rising Three Method- Bullish Candlestick Pattern

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Rising Three Method - Bullish Continuation Pattern

A bullish continuation candlestick pattern that is used to predict the continuation of the current uptrend. This pattern is formed when the candlesticks meet the following characteristics:

1. The first candle in the pattern is a long White/Green candlestick within a defined uptrend.

2. A series of descending small-bodied candlesticks that trade within the range of the first candlestick . Three inside bodies also counted as consolidation period before continuation of the uptrend.

3. A long White/Green candlestick creates a new high, which indicates that buyers are back in control of the direction and the trend shall resume and go further up.


I encourage you to find a chart with this pattern and share your experience to bring confidence and clarity to other traders on this pattern.

I appreciate your support,

Regards
Thanks Neetesh. Here is an indicator to detect it.

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Divis made a morning star on weekly charts too.
+1 Reply
@Basty, Yes, well spotted, it is also a bullish candlestick pattern. I appreciate your feedback, Regards
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Basty NeeteshJain
@NeeteshJain, Would you have a target for it ?
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Example 02: RCOM



Regards
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rppatel02 NeeteshJain
@NeeteshJain,

What is short term target say for 1-3 days
+1 Reply
@rppatel02, Can't predict short term target but it shall move towards 900 levels within 1-2 months. Regards
Reply
rppatel02 NeeteshJain
@NeeteshJain,
Thanks for reply ;

And your view on rcom please
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