Upside Gap Three Methods

The Upside Gap Three Methods candlestick formation is a three day bullish continuation pattern. The Upside Gap Three Methods candlestick formation is most relevant when it occurs during a significant upward trend.

Upside Gap Three Methods

The Upside Gap Three Methods candlestick formation is a three day bullish continuation pattern. 

 


Upside Gap Three Methods Identification

The Upside Gap Three Methods candlestick formation consists of a bullish candlestick, followed by another bullish candlestick that opens above the high of the first candlestick, followed by a bearish candlestick that opens below the close of the second candlestick, and has a low below the close of the first candlestick (i.e. closes the gap between the first and second candlesticks).

Bullish Upside Gap Three Methods candlestick pattern


Interpretation  of Upside Gap Three Methods

The Upside Gap Three Methods candlestick formation is most relevant when it occurs during a significant upward trend. With confirmation, such as a gap up opening the next trading day, the Upside Gap Three Methods is used to signal the continuation of an upward trend.  Upside Tasuki Gap is a very similar candlestick pattern.

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