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Bullish Three-Line Strike
| This pattern signals a trend... | How to identify... | Similar pattern(s)... | | Continuation | - 1st three days make up the Three White Soldiers formation.
- 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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