Description
Downside Gap Three Methods is a bearish trend continuation candlestick pattern consisting of three candles.
The Downside Gap Three Methods candlestick pattern is recognized if:
-
The first and the second candles are long and bearish and continue the downtrend;
-
The second candle gaps down from the first one;
-
The third candle is bullish and its body covers the gap between the two previous candles.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used to calculate the average body height. If the body height of a candle exceeds this average, it is considered long. |
trend setup
|
The number of preceding bars to check if the trend exists. |
Plots
| Plot | Description |
|---|---|
Bearish
|
The Downside Gap Three Methods candlestick pattern. |
For educational purposes only. Not a recommendation of a specific security or investment strategy.
Technical analysis is not recommended as a sole means of investment research.
Past performance of a security or strategy does not guarantee future results or success.