Three Line Strike Bullish Candlestick Pattern


The Psychology
In an uptrend the Three Line Strike pattern has low reliability. The large black day can really scare the bulls and many contrarians will cite this as bullish. If indeed the uptrend is strong, the one black day should not ruin the pattern. Hence, if the next day is up, the uptrend should continue.






Identification
Three long white days with consecutively higher closes are followed by a fourth day that gaps open in the direction of the trend and closes below the open of the first day.

Pattern: continuation
Reliability: low


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