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Bullish Rising Three Methods Candlestick Pattern
This pattern signals a potential trend |
Continuation
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How to identify |
- 1st day is a long white day.
- Three small body candlesticks follow the 1st day. Each trends downward and closes within the range of the 1st day.
- The last day is a long white day and closes above the 1st day's close.
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Similar pattern(s) |
» Bullish Mat Hold
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Psychology |
This is a pattern which shows the market taking a breather before continuing its uptrend. Notice that a new low is not seen during the 4 remaining days of this pattern. This gives confidence to the bulls, making way for the next move upward in price.
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