Three-Line Strike

The Three Line Strike is a trend continuation candlestick pattern consisting of four candles. Depending on their heights and placement, a bullish or bearish trend continuation can be predicted. The Three Line Strike bearish continuation is recognized if:

1. The first three candles are long and bearish and continue the downtrend with correspondingly lower closing prices;

2. The second and third candles open inside the body of the previous candle;

3. The fourth candle is bullish, opening at a new low price;

4. The closing price of the fourth candle is higher than the opening price of the first candle.