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Bullish Three-Line Strike

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Last Day: 0 Last Week: 0
Last 10 Days: 0 Last 10 Weeks: 0

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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