Bearish Three Line Strike
A bearish three line strike is a technical analysis pattern used to identify a potential reversal in the current trend of a security. It is a bearish reversal pattern that consists of three consecutive long-bodied candlesticks that close near their lows. The pattern is considered complete when the third candlestick closes below the midpoint of the first candlestick. This pattern is considered to be a strong indication of a bearish reversal in the security’s price.
History of the Term
The bearish three line strike is a relatively new technical analysis pattern, having only been identified in the early 2000s. It was first identified by technical analyst Thomas Bulkowski, who wrote about the pattern in his book Encyclopedia of Chart Patterns. Bulkowski noted that the pattern was a strong indication of a bearish reversal in the security’s price, and that it was often seen at the end of a long uptrend.
Comparison Table
| Pattern | Description |
|---|---|
| Bearish Three Line Strike | Three consecutive long-bodied candlesticks that close near their lows. |
Summary
The bearish three line strike is a technical analysis pattern used to identify a potential reversal in the current trend of a security. It is a bearish reversal pattern that consists of three consecutive long-bodied candlesticks that close near their lows. The pattern is considered complete when the third candlestick closes below the midpoint of the first candlestick. This pattern is considered to be a strong indication of a bearish reversal in the security’s price. For more information about this term, you can visit websites such as Investopedia, TradingView, and StockCharts.
See Also
- Bullish Three Line Strike
- Bullish Engulfing Pattern
- Bearish Engulfing Pattern
- Bullish Harami Pattern
- Bearish Harami Pattern
- Bullish Abandoned Baby Pattern
- Bearish Abandoned Baby Pattern
- Bullish Piercing Pattern
- Bearish Piercing Pattern
- Bullish Morning Star Pattern
