Candlestick chart patterns

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Bearish Counter-Attack Lines
Bearish Engulfing Pattern
Bearish Harami
Bearish Hikkake Pattern
Bearish Multi-Harami Pattern
Bearish Separating Lines
Bearish Star
Belt hold line (Marubozu)
Belt-Hold line-Yorikiri-Bearish Pattern
Belt-Hold line-Yorikiri-Bullish Pattern
Bullish Counter-Attack Lines
Bullish Engulfing Pattern
Bullish Harami
Bullish Hikkake Pattern
Bullish Kicker Candlestick Pattern
Bullish Multi-Harami Pattern
Bullish Separating Lines
Bullish Star Pattern
Butterfly Doji
Channels
Coiling Inside Bar
Cup and Handle
Dark Cloud Cover Pattern
Doji Pattern
Doji Star Candlestick Pattern
Double Inside Bar
Downward Gap Tasuki
Flags and Pennants
Gravestone Doji
Hammer & Hanging man Pattern
Head and Shoulders and Inverted Head and Shoulders
Inverted Hammer & Shooting Star Pattern
Ladder Bottom
Ladder Top
Long-legged Doji
Mat-Hold Pattern
Mega Bearish Engulfing
Mega Bullish Engulfing
Multi Inside Bar
Negative Bias Candle
Piercing Pattern
Positive Bias Candle
Raindrop
Rickshaw-man Doji
Rounding Bottom
Side-by-side Green lines - Bearish
Side-by-side Green lines - Bullish
The Evening Star
The Falling Three Pattern
The Morning Star
The Rising Three
Three Advancing Soldiers
Three Black Crows Pattern
Three Inside Out Pattern - Bearish
Three Inside Out Pattern - Bullish
Three Line Strike Pattern - Bearish
Three Line Strike Pattern - Bullish
Three Outside Up Pattern - Bearish
Three Outside Up Pattern - Bullish
Three River Bottom Pattern
Trend Angles: 45 Degree Trendline
Trendlines
Triangles
Upside Gap Two Crows
Upward Gap Tasuki
Wedges: Rising and Falling Wedges
Windows

The Rising Three

The Rising Three is a multi-candle strong bullish continuation pattern. Imagine a strong bullish candle that appears in the uptrend.

The body of the next candle remains within the range of the previous bullish candle. Body of the second candle remains between the high and low price of previous candle. It indicates the possibility of the price consolidation. The colour of second candle is not very important.

There is another candle having body within the range of the first bullish candlestick pattern. Body of both candles within the range of the first bullish candles indicates that consolidation in the uptrend has begun. Some bulls might start worrying and exiting the long positions.

Next candle turns out to be strong bullish candlestick pattern that triggers the bullish continuation consolidation breakout pattern. It opens above the closing price of previous session and closes above the closing price of first bullish candle stick pattern. It tells us that the bulls are back in action. This formation is known as a The Rising Three pattern.

The Rising three pattern is a small consolidation breakout pattern that offers a very affordable risk-reward bullish trade opportunity. It shows that the consolidation is over and there is a more fuel added for the bulls to continue to take price up.

The candles of consolidation can be 2, 3 or even multiple candles but remember, they must be within the range of the first bullish candlestick pattern to qualify for the Rising three formation. Hence, it can be a four or five candle pattern.

Click here to learn more about the pattern.

This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

 

 

 

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