Rising Three Methods

  

It sounds like a self-help technique, maybe espoused by a break-off sect of Scientology. Get stuck on a long elevator ride with Tom Cruise and you'll hear all about the Rising Three Methods.

In the financial world, the term refers to a particular technical trading pattern. It involves a bullish trend that experiences a scare, with a few days of consecutive losses...but then sees a breakout to a new high. It suggests that the uptrend remains intact despite the brief losing streak.

The candlestick pattern starts with a sizable gain as part of a longer uptrend (represented by a white/green candlestick). That gain is followed by three days of losses (red/black candlesticks), but the combined losses of the three days don't take the stock back to the low of the first big gaining session that started the pattern.

Finally, the pattern ends with another big gaining day (another long white/green candlestick), which erases the previous three days of losses and sets a new high.

The Rising Three Methods represents the opposite of the Falling Three Methods...which you'll hear about if you take a long elevator ride with Tom Cruise. Dude can't shut up about it.

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Finance: What are Triple Bottom and Trip...2 Views

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Finance allah shmoop what are triple bottom and triple tops

00:07

All right well this is a triple top It wants

00:10

to break out The stock was trading down here around

00:12

five bucks a share in and glam o it went

00:14

up And yes blam o is the name of the

00:16

company's new anti constipation drug a huge hit So it

00:20

went up up up to hear it Fifteen bucks tripled

00:22

in value in just a few months but then sober

00:24

reality began to hit the investing community There simply wasn't

00:28

enough constipation to go around So the stock began to

00:31

flag and traded down teo here this level at twelve

00:34

bucks But then glam o again released big news a

00:37

partnership with manish of its grandma tsa and the american

00:41

cheese manufacturing association So the stock raced again to fifteen

00:45

But no there just wasn't enough enthusiasm from buyers pay

00:48

more than fifteen bucks a share for it So you

00:50

know that's all despite this newly created a kind of

00:53

market So the stock sank back to twelve only to

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then have investment interest from procter and gamble owners of

00:59

sharman who bought five percent of the company at thirteen

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fifty ish year and left a lot of investors thinking

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surveyed by the whole company complete with its product line

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of anti constipation drinks Waymo glam Oh thankyou memo But

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alas the investment community would not pay up past fifteen

01:14

to share and the stock flagged again sinking back to

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twelve having created a triple top and needing something to

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make things really start you know going So yeah that's

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a triple top What about a triple bottom Well a

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triple bottom and basically just the same thing in reverse

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like this keeps hitting a low point looking like it's

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going tio bottom out further But then it recovers on

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the subject of bottoming out well glam o is now

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available in new chewable gummy form Yeah glam o so

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you never have to worry when your bottoms out

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