The Rising Three Methods is a Japanese candle stick with a bullish continuation. There may be more candlesticks in this pattern, but there are always at least five candles. The three small body candles that are completely contained in the range of the first candle’s high and low, follow a long, white body, and at a new high, the fifth candle closes.
It usually manifests as a rejection of a lower price and seems like a pause following an upward price trend. Since we anticipate a bull move following the Rising Three Methods’ appearance at the correct spot, the pattern is bullish.
It is a continuation of the pattern because we want to see price movement before the appearance of the Rising Three Methods; hence, it is also a frequent indication of a trend that is ongoing. If the wicks of the first bullish candlestick, which represent the high and low trade rate for that duration, are shallow, then the rising three methods might work better.
How to Identify a Rising Three Methods
To identify the candle stick pattern, you have to look out for the following;
A series of five candles must be in an upward trend,
There should be a lengthy bullish green or white candle that follows the short ones,
This pattern begins with the first pattern being a bullish candlestick that has a large real body,
There should be three or more short red or black candles following the first candle. The next three candles are smaller, darker, and more bearish falling candlesticks.
