Rising Window & Falling Window

The rising window and falling window are simple continuation patterns containing gaps. The rising window contains a white candle, followed by an upward gap and another white candle. The falling window displays a black candle, followed by a downward gap and another black candle. Note that in both cases, the gap should be between the wicks of the candle, and not the body.

In both cases, the important event is what occurs after the gap. The gap within the rising window should serve as support in the future. As price falls, it should bounce off that support and continue rising. For the falling window, the gap serves as a resistance zone. As price rises, it should hit the resistance, and begin falling again. In both cases, once the gaps have been filled and price trends beyond the gap, the support or resistance is broken. It should be discarded as a reliable point unless reversed. In such a case, the support becomes a resistance zone, and a resistance would become a support zone.