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Side-by-Side White Lines Bearish
Trend: Bearish
Reliability: Moderate
How to Identify it
- The first day is a black day
- The second day is a white day that gaps down
- The third day is a white day of about the same body length and close as the second day
What it Means
In a downtrend a black day is followed by two white that are gapped below the first day. This typically means the shorts are covering their positions, and no reversal is about to occur. The downtrend should remain intact for the near future.
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