A typical candlestick chart is composed of a series of bars, known as candles, which vary in height and color. As a continuation rate, that ranks 22nd. This page was last edited on 1 Julyat The increasing uncertainty is further strengthened when the third day opens lower, but not lower than the low of the second day. Tall candles at peaks and valleys. The Heikin-Ashi technique modifies the open-high-low-close series that most candlestick charts use, thus making trends easier to spot. Summary The unique three-river bottom candlestick is supposed to be a bullish reversal, but it actually acts as a bearish continuation, that is, if you can find it.
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Three Mountain Top or Triple Top Candlestick Chart Pattern
The breakout is downward from this unique three-river bottom when price closes below the bottom of it. The timestamp is only as accurate as the clock in the camera, and it may be completely wrong. Like Us on Social Media: Look for a tall bodied black candle in a downward price trend. Then we see a Hammer-like black candlestick on the second day.