Down-gap side-by-side white lines
The Down-Gap Side-By-Side White Lines is a bearish continuation pattern represented by three candles.
During a downtrend, the first candlestick falls.
The second candlestick opens below the close of the previous candlestick, thus creating a gap.
The third candlestick is similar to the previous one, but its high is lower.
The bearish pressure was so great that the price created a Down-Gap. The next two candles continue to fall, which tells us that the price has not yet finished the downtrend. Typically, this pattern precedes a decline in price.
Last modified: 13 December 2024