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Three Line Strike

by admin April 5, 2019 2 min read 0 comments

Key Takeaways

  • Market conditions and their impact on trading decisions
  • Key levels and price action analysis
  • Risk management strategies for this setup
Three Line Strike

– Normally it should be a signal of continuation of the current Trend.

– You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located.

Bullish Three Line Strike

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.

– The First, Second and Third Candle are white; moreover each Candle has the Close above the Close of the Previous Candle.

– The Fourth Candle is long and black; it has the Open above the Open of the Previous Candles while it has the Close below the Open of the First Candle (The Fourth Candle fully contains within his Real Body the Three Previous Candles).

Bearish Three Line Strike

– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.

– The First, Second and Third Candle are black; moreover each Candle has the Close below the Close of the Previous Candle.

– The Fourth Candle is long and white; it has the Open below the Close of the Previous Candles while it has the Close above the Open of the First Candle (The Fourth Candle fully contains within his Real Body the Three Previous Candles).

Trading Data Snapshot

Always verify current market conditions before executing any trade. Past performance does not guarantee future results.

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admin
Trading analyst and market commentator with expertise in technical analysis, price action, and risk management. Dedicated to helping traders make informed decisions.

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