Upside Gap Three Methods

Upside Gap Three Methods
Discussion
The upside gap three methods candlestick is supposed to act as a bullish continuation pattern, but my tests revealed that it functions as a bearish reversal 59% of the time.

Bullish Upside Gap Three Methods
The bullish upside gap three methods (uwa banare sanpoo hatsu oshi) candlestick pattern (view full size chart) is one of the triple candlestick patterns (i.e. it consists of three individual candlesticks), ...

Bullish Upside Gap Three Methods
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This pattern signals a trend...

Upside Gap Three Methods
Upside Gap Three Methods is a three candlestick bullish continuation pattern. The formation occurs in an uptrend beginning with two long bodied white candlesticks separated by a gap.

Upside Gap Three Methods Bullish
Pattern: Continuation
Trend: Bullish
Reliability: Moderate ...

Upside Gap Three Methods
Pattern: continuation
Reliability: moderate
Identification
A long white day is followed by a second long white day that gaps in the direction of the trend. The third day is black and fills the gap between the first two days.

This Bullish Upside Gap Three Methods Pattern is a simple pattern similar to the Bullish Upside Tasuki Gap Pattern. However the Bullish Upside Tasuki Gap Pattern is characterized by a gap in the first two days and it is not filled on the third day.

See also: Trend, Pattern, Gap, Bullish, Candle