Candlestick Charting Explained: Timeless Techniques for Trading stocks and Sutures by Gregory L. Morris

Author:Gregory L. Morris [Morris, Gregory L.]
Language: eng
Format: epub
Publisher: McGraw-Hill Education
Published: 2006-04-16T23:00:00+00:00

Pattern Flexibility

The amount of the initial gap in the direction of trend and the amount that the fourth day moved would be strong indication of the success of this pattern as a continuation pattern.

Pattern Breakdown

The bullish Three-Line Strike pattern reduces to a Shooting Star line and is in direct conflict with the bullishness of this pattern (Figure 4-61). The bearish Three-Line Strike pattern reduces to a Hammer and is also in direct conflict with this pattern’s bearishness (Figure 4-62).

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