Wednesday, April 29, 2009

TAN and the Rising Three

Here is a example of a Rising three pattern, although the first candle is not a long up day it was still an up day.


Rising Three:






A long white day in an uptrend is followed by three relatively small candles that move opposite the overall trend but stay within the range of the first day. The fifth day is a long white day that closes above the close of the first day and continues the uptrend.