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Bearish Side-by-Side White Lines


This pattern signals a trend...

How to identify...

Similar pattern(s)...

Continuation

  1. 1st day is a black day.
  2. 2nd day is a white day which gaps below the 1st day's open.
  3. 3rd day is a white day about the same size as the 2nd day, opening at about the same price.
  • none

Psychology...

The 2nd and 3rd days are a failed attempt to rally. Shorts are basically taking profit here. The downtrend remains intact.