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Fallingthreemethods

BluetonaFX - SILVER Support Break OpportunityHi Traders! We have spotted a potential support break opportunity on the Silver 1D chart. The price action suggests that the market may want to go down to test further levels below. After a double top resistance at 26.129, there was a pullback into a price channel break, and then the market found support at 22.117. There was then a falling three methods candle formation, which is a bearish candlestick pattern. We are looking for a break and a close below 22.117; if we get this, then we have a first target at 21.500 and a second target at 20.787. If we do get a break and close below 22.117, then there are buying opportunities just above this level to target the long-term 26.129 resistance. Please remember to like, follow, and comment to support us. Your support is appreciated. BluetonaFX
TVC:SILVER
by BluetonaFX
2
Massive for Bitcoin!Hey guys! As you can see on the Daily Chart of Bitcoin (BTC). There has been Falling Three Method patterns Now, what is a Falling Three Method? Falling Three Methods is a five-candle bearish pattern that signifies a continuation of an existing downtrend. The first candle is long and red, followed by short green candles with bodies inside the range of the first candle. The last candle is also red and long and it closes below the close of the first candle. The decisive fifth strong bearish candle hints that bulls could not reverse the prior downtrend and that bears have regained control of the market (Tradingview's Definition). Dubious speculation shows that there are 25 more days left of this downtrend. Hope this helps! Safe trading,
INDEX:BTCUSDLong
by Pulkanatir
BTC potential for Falling 3 Methods Daily. Falling Three Methods: Important Results Theoretical performance: Bearish continuation Tested performance: Bearish continuation 71% of the time Frequency rank: 91 Overall performance rank: 89 Best percentage meeting price target: 40% (bull market, down breakout) Best average move in 10 days: 4.58% (bull market, up breakout) Best 10-day performance rank: 20 (bull market, up breakout) thepatternsite.com Look for a series of five candles in a downward price trend. The first day should be a tall black candle followed by three up trending small while candles (except the middle of the three, which can be either black or white), followed by another tall black candle with a close below the first day's close. The three middle candles should remain within the high-low range of the first candle. The falling three methods candlestick pattern is so rare that I do not show in my Encyclopedia of Candlestick Charts book the statistics from the 64 falling three methods that I uncovered. Most of the entries would have been blank. The above important results show more information than the book. The falling three methods pattern acts as a bearish continuation 71% of the time, giving it a rank of 7 which is very high (1 is best). As I mentioned, it is a rare bird, having a frequency rank of 91 out of 103 candles where 1 means it occurs most often. The overall performance ranks 89th probably due to the few samples available for testing. Just 40% of the candles meet the measure rule price target, which is the height of the candlestick pattern added to (upward breakouts) or subtracted from (downward breakouts) the top or bottom of the candle pattern, respectively. The average move is a rather robust 4.58% in 10 days, where a good move would be 6% or more. The 4.58% move also gives it the 20th best performance rank against the other 103 candle patterns.
COINBASE:BTCUSDShort
by j5150
1