Upside/Downside
Gap Three Methods
Description
Bullish:
The bullish continuation upside gap three methods is a three candlestick
pattern.
It
has a long white candle, followed by another that opens above the first (gaps
up), followed by a downward black candlestick that opens below the close of the
second day (gaps down) and has a low below the close of the first day. The
upward trend is expected to continue.
Bearish:
The bearish continuation downside gap three methods is a three candlestick
pattern.
It
has a long downside black candlestick, followed the second day by another
downward black candlestick that opens below the close of the first day (gaps
down) and is followed by an upward white candlestick that opens above the close
of the second day (gaps up) and has a high above the close of the first day.
The downward trend is expected to continue.
Market
Opinion
Bullish
or bearish.
Pattern