| Side by Side White Lines |
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Pattern: continuation
Reliability: high
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Identification
A white day is followed by another 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 an uptrend the second white candle that gaps up could signify the last
of the bulls getting in “at any price.” The gap down the next
day could be the start of a pullback, but since the stock rallies again,
the bulls obviously are not done yet. As a continuation pattern, this
formation hints at more upside to come.
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