Rising Three Methods Bullish

 

Pattern: Continuation Trend: Bullish Reliability: High

 

How to Identify it

• The first day is a long white day
• The second, third, and fourth days have small real bodies and follow a brief downtrend pattern, but stay within the range of the first day
• The fifth day is a long white day that closes above the close of the first day

What it Means

In an uptrend, a long white day occurs, following by three days of small real bodies that fall into a short downtrend. On the fifth day, the bulls come in strong to close at a new high. This small downtrend, in between two long white days, is consistent with investors taking a break. The upward trend should continue