rising pattern is a bullish continuation pattern that appears in an uptrend.
This Japanese candlestick pattern contains at least five candlesticks, but may contain more.
The long white candlestick is followed by three smaller candle bodies, each candle being completely contained within the high and low of the first candle. The fifth candle closes at a new high.
Accreditation standards
The rising triple pattern consists of a total of five candlesticks: two long candlesticks and three short candlesticks.
Or more specifically: one long, three short, and one long.
To identify the Ascending Trilogy pattern, look for the following criteria:
- Look for a series of five candles in an uptrend in price.
- The first candlestick in this pattern is a bullish candlestick with a larger body.
- The first candle will be followed by three or more short black (or red) candles. The next three candlesticks have smaller descending candlesticks that are bearish and dark in color. These candlesticks should not exceed the high or low of the first candlestick.
- The short candle should be followed by another long bullish (white or green) candle.
- The last candlestick that completes the pattern should close higher than the previous candlestick, and the close should be higher than the close of the first candlestick.
meaning
Since the pattern starts with a long white candlestick, the bulls are stronger than the bears.
After the first candle, the price paused for a moment (within the range of the first candle, three short candles formed in the center).
The bears were unable to push the price below the bottom of the first long candle, and they were overtaken by the bulls.
Eventually, the price rises again, forming another long white candle that closes higher than the first candle.
Three methods mode
The three method pattern consists of at least five candlesticks, but may include more candlesticks.
The Three Method Pattern is a trend continuation pattern that can appear in an uptrend or a downtrend.
In an uptrend, it is called the Rising Three Methods pattern. In a downtrend, it is called the Three Methods of Falling pattern.
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