Advantages Of The Rising and Falling Three Methods in Forex Trading
The method’s biggest advantage is that they confirm the strength of the current trend. In the case of the Rising Three Methods, the market temporarily pauses as shown by the smaller bearish candles. However, the final strong bullish candle reaffirms buyer dominance. This is reassuring for traders who are already in long positions, as it reduces the fear of an impending reversal.
Both of these patterns give clear entry and exit signals. This is a large benefit for both the novice and the experienced traders, as a trader might look to enter a long position after the final bullish candle of the rising three methods, or a short position after the final bearish candle of the Falling Three Methods. The tight consolidation during the middle candles also provides natural zones for stop-loss placement, minimizing risk.
The three methods typically show a short consolidation phase within an existing trend, and they allow traders to enter positions with minimal risk, resulting in favorable risk-to-reward ratios, which are a huge bonus for long-term trading success.
In this course, you will learn all about the Rising Three Methods and Falling Three Methods. You will learn how they work, how you use them, and how they can give you great insight into making steady trades. You’ll be taught how these patterns are versatile and can be applied across various time frames, how they are valuable for scalpers, swing trades, and long-term investors. You’ll learn how their consistent structure and logic make them easy to spot regardless of the time horizon. Plus, you will be shown how to use these patterns in conjunction with other technical indicators and how they can enhance the three methods’ findings. All of this and more. After this course, you will be ready and armed with a new set of tricks up your sleeve to help you along the way of your Forex trading journey.
