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Bullish Three-Line Strike



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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.
  • Bullish Three White Soldiers

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.