Kairos™

Falling 3 Method

This formation consists of five candlesticks.

The first candlestick is long and black, it is followed by three small white bodies each of which closes higher than the prior one. All of the small white bodies hold within the range of the first black candlestick. The final candlestick is a long black body that closes at a new low. In a downtrend this a bearish continuation pattern showing that the bulls tried to stop the downtrend but were unsuccessful.

Falling 3 Method

Parameters:

BarsBack BarsBack must be greater than MinBars.

The candlestick formation will be scanned this many bars back in the timeframe.

MinBars 4(Fixed)

The value of MinBars will be one less than the number of bars in the candlestick formation.