Bearish Side by Side White Lines
- Type: Continuation
- Relevance: Bearish
- Prior Trend: Bearish
- Reliability: Medium
- # of Sticks: 3
Definition:
This pattern is charatcerized with three candlesticks. The first would be a down candle while in a downtrend. The second follows with a gap down that closes higher for the day but not above the previous candle's close. Lastly we see another gap down and rally which does not close above the first candle's high. This pattern is generally explained with short covering and the downtrend is expected to continue.