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