The Rising Three Methods candlestick pattern is a bullish continuation pattern with four candlesticks: a long white candlestick, three candlesticks with small bodies and a long white candlestick that signals a continuation higher. The three small candlesticks mark a short correction or pullback. The chart below shows Chemtura with this pattern forming as it breaks the upper trend line of an ascending triangle. Chartists can find stocks with candlesticks patterns on the predefined scans page.
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About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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