#NSE0093
Today’s Price Action Class we learn “Rising Three Methods”. This is a bullish continuation pattern used in technical analysis to predict the continuation of an uptrend in the market. It typically consists of the following components:
- First Long Green Candle: The pattern starts with a strong, long green (bullish) candlestick, indicating a significant upward movement in the price.
- Three Short Red Candles: This is followed by a series of three or more short red (bearish) candlesticks. These red candles should ideally be contained within the range of the first long green candle, signifying that the selling pressure is present but not strong enough to reverse the overall upward trend.
- Second Long Green Candle: The pattern concludes with another long green candlestick, which closes above the close of the first long green candle. This indicates that buyers have regained control and are pushing the price higher again.
Pic Credit-MARKET INSIGHTS!
