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Bullish Three-Line Strike

Daily Charts:   0 found in last 10 days.   Updated Thu Sep 4 18:16:36 2008 CST . Click here to see them.

Weekly Charts:   0 found in last 10 weeks. Click here to see them.

Bullish Three-Line Strike

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Continuation
  1. 1st three days make up the Three White Soldiers formation.
  2. The last day is a black day that opens above the 3rd day and closes below the 1st day's open.

Psychology...

The 4th day is a powerful move down which destroys the reversal sentiment. Since the reversal has essentially already played out in a matter of one day, the risk is now higher for those who wish to bet on a reversal. The uptrend should resume.





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