NeeteshJain
Education

Educational 17: Rising Three Method- Bullish Candlestick Pattern

BSE:DIVISLAB   DIVIS LABORATORIES LTD
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
sir it looks like a flag also because first big bullish candle is like a pole and other candles that consolidate is kind of flag correct me if i m wrong
Reply
Thanks Neetesh. Here is an indicator to detect it.

Reply
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
Reply
Basty NeeteshJain
@NeeteshJain, Would you have a target for it ?
Reply
Example 02: RCOM



Regards
Reply
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
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out