Traders at Pocket Option use the "Three Methods" strategy to identify signals confirming trend continuation during periods of consolidation. On the price chart, this situation appears as several small candles forming in sequence after a longer one, with their combined size roughly equal to that of the preceding candle.
Trading binary options on Pocket Option with this strategy requires at least three consecutive small candles to form on the price chart. The entry signal is a new, larger candle that opens in the same direction as the prevailing trend.
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Trading Rules and Trade Examples for This Strategy on Pocket Option
You can trade on Pocket Option using this strategy when:
- After a strong (large) candle closes, several small candles open. This is the moment to prepare for a trade entry on Pocket Option.
- A new, larger candle appears, forming in the same direction as the overall trend.
When both conditions are met, a trade with Pocket Option can be opened immediately after the new large candle closes. In an uptrend, buy a Call option.
In a downtrend, open a Put option.
This strategy is comparable to chart pattern trading. As shown in the images, the candlestick combinations used in the Three Methods strategy closely resemble a pennant or flag pattern.
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