In this pattern bulls begin to take control but cannot entirely overwhelm the bears.
First, it causes a pause in the price’s downward progression, as indicated by the three short green candles.
Then bulls, however, go out of fuel and are overtaken by the bears. The long red candle at the end of the pattern completes the pattern by closing below the level of the...
What Is the Falling Three Methods Pattern?
The "falling three methods" is a bearish, five candle continuation pattern that signals an interruption, but not a reversal, of a current downtrend. The pattern is characterized by two long candlesticks in the direction of the trend—in this case, down—at the beginning and end, with three shorter counter-trend...