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.

A bullish Three Line Strike continuation is recognized if:

1. The first three candles are long and bullish and continue the bullish trend with correspondingly higher closing prices;

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

3. The fourth candle is bearish, opening at a new high;

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