Saturday, 2 January 2021

FALLING THREE METHODS


✍Falling three methods candlesticks pattern forms between the mid of downtrend. It is trend continuation pattern rather than trend reversal. 

✍The first bearish candle formation at the trend and the three small candles or dojis are formed against the trend.

✍The fifth and last candle formation covers all the whole move of small candles and the downtrend continues. 

✍The three candles formed never retraces the whole first candle but the fifth candle always covers all the move three candles.

✍The trade has to be taken on the sell side and the stop loss has to be taken on the high of first candle. 


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