| Side By Side White Lines |
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Pattern: continuation
Reliability: moderate
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Identification
A black day is followed by a white day that gaps in the direction of the trend. The third candle is also white and is almost identical to the previous day.
The Psychology
In a downtrend a black day is followed by two white days that are gapped below the first day. The lack of follow through on the second white day suggests the bears are still somewhat in control, and unless the bulls can fill that overhead gap with some volume behind the move, the downtrend will remain intact. |
