Bearish Side By Side White Lines Candlestick Formation
Description
The Bearish Side By Side White Lines candlestick formation is a downward continuation pattern composed of 3 candlesticks. The first candle is a long red candle which moves in the direction of the current downtrend. The second candle, a green candle, gaps on the open well below the low of the first candle, and on the close still maintains that gap. The third candle, also a green candle, opens near the open of the second, and like the first candle, maintains the down gap on the close. After this formation prices are expected to move lower.