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Bullish Three-Line Strike Candle Pattern
Bullish Three-Line Strike Candlestick: Summary
Theoretical performance: Bullish continuation. Tested performance: Bearish reversal 65% of the time Frequency rank: 95 Overall performance rank: 2 Best percentage meeting price target: 50% (bear market, down breakout) Best average move in 10 days: 16.91% (bear market, up breakout) Best 10-day performance rank: 1 (bear market, up breakout) All ranks are out of 103 candlestick patterns with the top performer ranking 1. “Best” means the highest rated of the four combinations of bull/bear market, up/down breakouts. The above numbers are based on hundreds of perfect trades. See the glossary for definitions. |  Bullish Three-Line Strike |
Bullish Three-Line Strike Candlestick: Important Results
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Bullish Three-Line Strike Candlestick: Discussion
| Characteristic | Discussion |
| Number of candle lines | Four. |
| Price trend leading to the pattern | Upward |
| Configuration | Look for three white candles each with a higher close. A tall black candle should open higher, but close below the open of the first candle. |
Bullish Three-Line Strike Candlestick: Identification Guidelines
Theory differs from actual behavior for the bullish three-line strike candlestick pattern. It is supposed to act as a bullish continuation, but it actually is a bearish reversal. With a frequency rank of 95, you will not find many of them in your lifetime. However, the overall performance ranks 2 where 1 is best. That is likely due to the low sample count.
- Trade tall bullish three-line strike candlestick patterns in a bear market for the best performance — page 768.
- After a downward breakout from a bullish three-line strike candlestick pattern in an uptrend, wait 3 days before selling. — page 770.
- Volume gives performance clues — page 769.
Bullish Three-Line Strike Candlestick: Three Trading Tidbits
If you want a few bones from my Encyclopedia of candlestick charts book, here are three to chew on. The pages refer to the book where the tips appear.
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