Rising Three Methods
- Type: Continuation
- Relevance: Bullish
- Prior Trend: Bullish
- Reliability: High
- # of Sticks: 5
Definition:
This pattern is very similar to the Mat Hold pattern in shape and function. The difference is, after the first long up candle in an uptrend, three reaction candles usually have down candlesticks but the bodies remain within the high and low range of the first up candlestick. The pattern is completed by an up candlestick, opening above the close of the previous candlestick and closing at a new high.