Welcome to the third part ofthree candlestick patternsin this part we will learn about 5 profitable three candlestick patterns in 2022. In the first part we learned about the single candlestick pattern and in the second part we learned about the double candlestick pattern. If you didn’t know these two parts earlier. It will be very difficult for you to understand this candlestick part. You should first understand the previous part of the candlestick pattern. Then pay attention to this third part.
What best threecandlestick pattern?
Share market is not what you think. So we think this stock will be in profit. Let us invest on this stock. No such incidents happen. For that we have to understand its rules and regulations. Similarly, we need to have knowladge in stock market.
In stock market and trading it is very important to have knowledge about candlestick pattern, chart pattern and technical analysis. Today we are going to learn about the best candlestick pattern. In this we will learn about three and more candlestick pattern.
Best candlestick patterns include single candlestick pattern, double candlestick pattern and triple candlestick pattern. You can study this and book good profit from trading.
What three candlestick patterns ?
Three candle rule has candlesticks of tree types available. It consists of bullish and bearish candles. Similarly, you will find single and double candlestick patterns in this.
In the three candlestick patterns, there are times when one candle appears one after the other. When this pattern appears in the market. There is a possibility that market trend will change and reverse. This allows you to notice the changes in the market first.
How learn three candlestick pattern?
Learning the candlestick pattern is the first step in technical analysis. Single, double and three candle patterns should be learned. This helps you understand the candlestick pattern properly.
When you are learning candlestick patterns. At that time it is very important that you practice it daily. In this you used to work daily in live market. After that when the candlestick pattern appears in the market. We should know what the market situation was at that time.
After learning the candle pattern, you can get knowledge about the next stock market based on its principles.
How many three candlestick patterns?
There are many candlestick patterns in the share market. There are some powerful and low candle patterns in the market. In this some patterns are giving perfect indication of market change trend change.
Now we are going to learn 5 candlesticks patterns in the first part, 5 in the second part and 5 candlesticks patterns in the third part. These are very powerful patterns in the market.
There are many candle patterns in the market. we will understand working in market. chart patterns will known with experience in the market.
Three candlestick pattern types.
three candlestick pattern of Morning and Shooting stare.
Any three types of candles appear in this candlestick pattern. The first candle is small and large. Also, in these types, all candles open in the gap up or down.
A) Morning stare candlestick pattern.
The first candle in this candle pattern is red. The second candle after that can be of any color. The second candle gap opens down. After the second candle, the third candle is of green color. In this, the third candle makes a gap up opening.
Morning stare pattern is likely to occur when the market is in a down trend. If you find this pattern in the market, the third candle. Later, if there is another bullish candle, its high should be entered. Put a stop loss at the low of the second candle.
B) Shooting stare candlestick pattern.
The first candle in shooting stare is bearish. Then the candle gap starts opening up and it can be any. And after that the candle is red candle. It starts by opening a gap down in the candle market. This pattern indicates that the market is bearish.
Shooting stare pattern is in up trend in the market. In this pattern, when a bearish candle appears after the third candle, its low P.E. should be taken. Put a stop loss on the high of the second candle.
three candlestick pattern Bullish and Bearish abandoned baby.
This pattern looks a bit morning and a bit similar to the Shooting stare candlestick pattern. But in this pattern, the second candle opens with more gap down and up. It also appears like a candle doji.
The price of the second candle in this is equal to the open and close. This is not a strong candle. Because of this, this candle is called an abandoned baby.
A) Bullish abandoned baby candlestick pattern.
Bullish abandoned baby is the candlestick pattern where the first candle is red. After that a doji takes place after more gap down opening. After this, gap up opening again and green candle starts. This pattern starts when the market is in a down trend.
When this pattern occurs in the market, the market trend changes and it goes into an up trend. After this if you are going to enter the market. When there is another bullish candle after the third candle, entry should be taken at the high of that candle. Also put a stop loss on the low of the second doji candle.
B)Bearish abandoned baby candlestick pattern.
Bearish abandoned baby pattern is likely to occur when there is an up trend in the live market. First candle green in this. After that, the second candle starts a doji after a higher gap up opening. The third candle turns red again after more gap down opening.
When the market became bearish after this pattern. At that time, if there is another one red candle after the third candle, entry should be taken at its low. After that stop loss should be applied to the high of the doji candle.
three candlestick pattern of white soldiers and black crows.
In these patterns, all three candles are bullish or bearish step by step. Also in this every candle is opened with gap down or up.
In Japan when these candlesticks were produced in the share market. So bullish candle used to be white and bearish candle used to be black. So the names of this pattern are given as white and black.
A)Three white soldiers candlestick pattern.
Three white soldier candlestick pattern consists of three consecutive green candles during a down trend in the market. In this, each green candle starts with a gap down opening.
If this pattern is found in the market, the market converts from a down trend to an up trend. When the market is going in an up trend, after the third candle, the bullish candle starts again. Entry in the market should be taken at the high of that candle. Also put a stop loss at the low of the first green candle.
B)Three black crows candlestick pattern.
Three black crow candlestick pattern consists of three consecutive down trend bearish candles. In this pattern also every candle opens after a small gap down.
If this pattern appears in the market, P. E. Baye should do the low of the third candle. Just to predict if the market is going to be bearish while doing baye. stop loss should be applied to high of first candle.
three candlestick pattern of Bullish and Bearish line strike.
These two candlestick patterns will look similar to the previous pattern, so if you get confused, this pattern is different.
In this pattern, the first observed pattern in the market is followed by an engulfine pattern.
A) Bullish Three line strike candlestick pattern.
Bullish Three line strike means white soldiers pattern. After that, a big red candle takes place. People can confused. Because it may seem that the market will go down due to the red candle. But this pattern gives an indication of going into market up trend.
seen in down trend in the market. When this pattern starts when the market is trending up. At that time there are indications of a market fall.
starts market is going down, green candle followed red candle, entry should made at high and stop loss should placed low of red candle.
B) Bearish Three line strike candlestick pattern.
Three black crows candle pattern is the first in bearish three line strike pattern. Bearish three line strike pattern follow by a bullish candle. This pattern indicates that the market is bearish.
This pattern started during market up trend. At that time the trend of the market changes. The market converts into a down trend.
candlestick pattern occurs in market, bearish candle occurs after the green candle, entry take at its low. Apply a stop loss high of green candle.
three candlestick pattern of outside up and down.
A) Three outside up candlestick pattern.
The first candle in the three outside up candlestick pattern is the red candle. It is likely to be a red candle strong. After that green candle starts with gap up opening. Again the third green candle starts with a gap up opening.
In this pattern, entry take third green candle occurs. Stop applied to the low of first red candle. live market down trend.
B) Three outside down candlestick pattern.
This pattern is bearish. is likely to occur when the market is in an up trend. requires the first green strong candle. Second candle gap opens with down. The third candle opens with a gap down.
This pattern is up trend of the market. create position at the high of the third candle. Stope loss placed at low of the first candle.
In this third part of Candlestick patterns we learned about 5 profitable three candlestick patterns. In both the previous articles we learned about single and double candlestick patterns. You practiced these patterns every day. Also gradually you got experience in this. That you will go ahead in trading and become an expert. In this you have to follow the rules of technical analysis and market. According to these rules you have to use this technique in the market. We are going to give you this information about the rules in share market in the next few articles.