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Bearish Three Line Strike



This pattern signals a trend...

How to identify...

Similar pattern(s)...

Continuation

  1. 1st three days make up the Three Black Crows formation.
  2. The last day is a white day that opens below the 3rd day and closes above the 1st day's open.
  • Bearish Three Black Crows

Psychology...

The 4th day is a powerful move up which could represent a lot of short covering. Since the reversal has already played out in a matter of one day, the risk is now higher for those who wish to bet on a reversal. The downtrend should resume.