Bullish Side By Side White Line Candlesticks Pattern
Type : Continuation
Direction : Bullish
Prior Trend : Bullish
Reliability : Strong
Bullish Side By Side white lines Pattern is a three candlestick pattern. This involves three candlesticks in which the first candlestick is a bullish candlestick with strong body, the second and third candlesticks are bullish candlesticks where the third candlestick fall with in the range of the second bullish candlestick.
How to recognize this pattern:
- The market is in an uptrend.
- First bullish candlestick forms with a strong body.
- Second bullish candlestick forms with a strong body.
- Third bullish candlestick forms with a strong body.
- Third bullish candlestick completely lies with in the second bullish candlestick.
The pattern is a strong bullish continuation pattern.
The following are some of the examples of bullish side by side white lines pattern.
EURCHF Bullish Side By Side White Lines:
The following is the daily chart of EURCHF. You can see the three candlesticks I highlighted in the picture. The prior trend is upwards and then it formed the bullish side by side white lines pattern and the trend continued.
EURCHF Bullish Side By Side White Lines
NZDUSD Bullish Side By Side White Lines:
The following the daily chart of NZDUSD. You can see that the prior trend is upwards. Then it formed a bullish side by side white lines pattern and then the trend continued.
NZDUSD Bullish Side by Side White Lines
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