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Three Candle Pattern

The document describes three candlestick patterns - the rising three method, falling three method, and master candle - and their properties and conditions. The rising three method is a bullish continuation pattern composed of 5 candles with long green candles on the ends and small red or doji candles in the middle. The falling three method is a bearish continuation pattern with the same 5 candle structure but long red candles on the ends and small green or doji candles in the middle. The master candle pattern is similar but uses 5 to 11 candles.

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Mind Potion
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861 views1 page

Three Candle Pattern

The document describes three candlestick patterns - the rising three method, falling three method, and master candle - and their properties and conditions. The rising three method is a bullish continuation pattern composed of 5 candles with long green candles on the ends and small red or doji candles in the middle. The falling three method is a bearish continuation pattern with the same 5 candle structure but long red candles on the ends and small green or doji candles in the middle. The master candle pattern is similar but uses 5 to 11 candles.

Uploaded by

Mind Potion
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Name and Candlestick configuration Properties and conditions

Rising three method Bullish continuation


1. Composed of 5 candles
2. The market must be in an uptrend
3. The 1st and the 5th candle must be long green candles
4. The three candles in the middle must be small
candles, ideally dojis or small red candles.

Falling three method Bearish continuation

1. Composed of 5 candles
2. The market must be in a downtrend
3. The 1st and the 5th candle must be long red candles
4. The three candles in the middle must be small
candles, ideally dojis or small green candles.

Master Candle Bullish or Bearish continuation

1. Composed of 5 or more candles (max 11)


2. It is like a falling or rising three method with more
candles in the second phase

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