, 6 tweets, 2 min read Read on Twitter
[1] Bearish Three Line Strike is a extension of the Three Black Crows (discussed earlier), which is a bearish pattern signifying a downtrend in the market. This extension occurs due to the occurrence of a strong bullish candle after the lowest point of the Three Black Crows.
[2] The important thing to note there is that the last candle engulfs all the previous 3 candles. In other words, it nullifies the effect of the downtrend and shows the strong move by the bulls. With the open of the final candle being lower than the close of the last bearish..
[3] ..candle, it is essential that the bullish candle has a heavy volume in order to counteract the effect of the previous 3 candles. It is a reversal pattern. If only the last twi candles are considered (the bearish one followed by the bullish candle), it forms the..
[4]..Bullish Engulfing. So it is a stronger version of the Bullish Engulfing and gives a more confirming and stronger pattern. This pattern is a good example to see the volatility in the market and how volume can play a big role in TA. The downtrend need not be Three Black Crows
[5] as Three Black Crows have the requirement of having no wicks and being very strong candles with major real bodies. They can be 3 bearish candles with the subsequent open always below the previous open and the close being below the previous close. The idea behind is that ..
[6].. it should be a downtrend forming such a pattern. With the Three Black Crows, it gives a more specific and a stronger version of this pattern.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Anandita Jain
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!