Cryptocurrency Q&A
What is the 3 candle rule in trading?
What is the 3 candle rule in trading?
Alessandro
Tue Dec 03 2024
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6 answers
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The 3 candle rule in trading is a technical analysis technique that involves observing the price action of a security over a specific time frame, typically represented by three consecutive candles on a price chart. This rule aims to identify trends and potential trading signals based on the patterns formed by these three candles.
6 answers
LightningStrike
Thu Dec 05 2024
The three inside up pattern signifies a shift from bearish to bullish sentiment.
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TaegeukChampionCourageousHeart
Thu Dec 05 2024
Subsequently, another up candle emerges, which closes above the close of the second, smaller up candle.
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Valentino
Thu Dec 05 2024
It starts with a significant down candle, indicating a period of selling pressure.
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BlockchainVisionary
Thu Dec 05 2024
Following this, a smaller up candle appears, which is fully contained within the body of the previous down candle.
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emma_lewis_pilot
Thu Dec 05 2024
This smaller candle represents a brief period of buying pressure, but it is still overshadowed by the larger down candle.
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