A 5-candlestick pattern refers to any candlestick chart pattern that spans five trading sessions (candles). These patterns are used in technical analysis to predict potential price movements in stocks, forex, crypto, etc.
Here are five well-known 5-candlestick patterns:
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1. Rising Three Methods (Bullish Continuation)
Trend: Uptrend
Structure:
Candle 1: Long bullish candle
Candles 2–4: Small-bodied bearish candles within the range of Candle 1
Candle 5: Strong bullish candle closing above Candle 1
Meaning: Temporary consolidation before the uptrend resumes.
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2. Falling Three Methods (Bearish Continuation)
Trend: Downtrend
Structure:
Candle 1: Long bearish candle
Candles 2–4: Small bullish candles within the range of Candle 1
Candle 5: Strong bearish candle closing below Candle 1
Meaning: Temporary pullback before the downtrend resumes.
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3. Bullish Morning Star (Modified into 5 candles)
Trend: Downtrend
Structure:
Candle 1: Long bearish candle
Candle 2: Small bearish candle (slowing down)
Candle 3: Doji or small body (indecision)
Candle 4: Small bullish candle
Candle 5: Long bullish candle confirming reversal
Meaning: Reversal from bearish to bullish
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4. Bearish Evening Star (Modified into 5 candles)
Trend: Uptrend
Structure:
Candle 1: Long bullish candle
Candle 2: Small bullish candle (momentum slowing)
Candle 3: Doji or small body
Candle 4: Small bearish candle
Candle 5: Long bearish candle confirming reversal
Meaning: Reversal from bullish to bearish
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5. Advance Block Pattern (Bearish Reversal)
Trend: Uptrend
Structure:
3 long bullish candles with decreasing size and wicks
Followed by 2 indecisive or bearish candles (e.g., spinning tops or dojis)
Meaning: Bulls are losing strength; trend reversal may be near.
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Would you like charts or illustrations of any of these patterns?
