Side-By-Side White Lines is a trend continuation candlestick pattern made up of 3 bars.
The bearish Side-By-Side White Lines:
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The 1st bar is bearish and continues the downtrend;
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The 2nd bar is bullish and gaps down from the first bar's body;
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The 3rd bar is bullish and has about the same body size;
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The Open price of the 2nd and 3rd bar is almost the same.
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The bullish Side-By-Side White Lines:
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The 1st bar is bullish and continues the uptrend;
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The 2nd bar is bullish and gaps up from the first candle's body;
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The 3rd bar bullish and has about the same body size;
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The Open price of the 2nd and 3rd bar is almost the same.
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We use our proprietary data-mining algorithm to capture specific price
movement and pattern performance.
Under certain circumstances, a Bullish pattern can also perform as a Bearish
pattern, and a reversal pattern can be changed into a continuation pattern.
If you want to find out the
performance of this pattern in real market, not in theory, our data mining results
are your must have reference.
The following pictures are taken
from our Candlestick Pattern Indicator (Thinorswim version).
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