Candlestick Continuation Patterns: Uptrend and Downtrend
In a trend movement in trading, sometimes the movement that we analyze will result in a price reversal, instead it continues to continue the current trend price. To find out whether there will be a trend continuation or not, we should study the Continuation Candlestick Pattern Pattern. This will help in doing an Open Position. With the emergence of a continuation candle pattern pattern, it means that the current trend will experience a continuation. Examples of candlestick patterns for continuation patterns are as follows:
UPWARD
GAP TASUKI
Bullish
continuation patterns.
2
candles format.
Starting
with utptrend.
The
first candle is white and a gap-up from the previous candle.
The
second candle is black.
The
lowest price of the second candle does not break the high of the candle before
the first candle.
Upward Gap Tasuki |
RISING
THREE
Bullish
continuation patterns.
5
candles format.
Started
an uptrend.
The
first candle is white and has a long body
Followed
by 3 shorter candles in the range of the first candle.
The
second, third and fourth candles can be white or black.
The
fifth candle must be white and have a long body.
The
closing price of the fifth candle is above the high of the first candle.
Rising Three |
DOWNWARD GAP TASUKI
Bearish
continuation patterns,
2
candles format.
Started
a downtrend.
The
first candle is black and gap-down from the previous candle.
The second
candle is white.
The
high of the second candle did not break the low of the candle before the first
candle.
Downtrend Gap Tasuki |
FALLING THREE
Bearish
Continuation Patterns.
5
candles format.
Started
a downtrend.
The
first candle is black and has a long body.
Followed
by 3 shorter candles in the range of the first candle.
The
second, third and fourth candles can be white or black.
The
fifth must be black and have a long body
The
closing price of the fifth candle is below the lowest price of the first candle.
Falling Three |
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