BEARISH THREE LINE STRIKE

What is Bearish Three Line Strike?

• This is a downtrend triple candle stick pattern,
• This is a triple candle stick pattern indicating a recession in the market, which we see forming at resistance or at the top of the chart.
• After the formation of this candle pattern, there is a possibility of a bearish trend starting in the market.

Position of candles in bearish three line strike ?

In this candle stick pattern, 4 candles play an important role, which we will see forming on the market chart as follows,

1.First candle
:- Color – Red
:-Candle: Small bearish or bearish candle.
2.Second candle
:- Color – Red
:-Candle: Small bearish or bearish candle.
Whose open price will be from the middle part of the body of the first candle, and the closing price will be above the high of the first candle. 3.Third Candle
:- Color – Red
:-Candle: Small bearish or bearish candle.
Whose open price will be from the middle part of the body of the second candle, and the closing price will be above the high of the second candle.
4.Fourth Candle
:- Color – Green
:-Candle: Large bullish or bullish candle.
Whose open price will be near the high of the third candle, and the closing price will be near the low of the first candle.

FACT of Bearish Three Line Strike ?

Bearish Three Line Strike defination :-

When this candlestick pattern is formed on the top of the chart, it will be a bearish three line strike candlestick pattern, but the thing to note here is that if this candlestick pattern is formed on the support, then it will be called a bullish engulfing. Because its last two candles, 3rd and 4th, look like a bullish engulfing pattern, after which the market increases. Therefore, if this pattern is formed at the support or the bottom of the chart, then it is not considered as a triple bearish three line strike pattern but is considered as Bullish Englishfing.

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Identification and Features of Bearish Three Line Strike ?

• This is a triple candlestick pattern.
• This candlestick pattern is formed at the top or resistance of the chart.
• The first three candles in this candlestick pattern look like the Three Black Crows pattern.
• In this, the fourth candle is a big bullish candle.
• This candlestick pattern is formed at resistance after the ongoing rise in the market, after which the market starts declining.
• This is a candlestick pattern indicating a down trend.

Use of Bearish Three Line Strike Candle Pattern in Trading ?

When this candle stick pattern is formed then we should trade keeping the following things in mind

Entry:- After the formation of this candle stick pattern, the next candle formed should be a bearish candle. If it is a bearish candle then we should take entry in the market.

Stop loss:- In this we should set the stop loss at the high of the fourth candle.

Target: -We should set the target two or three times the stoploss or we should set the target after seeing the support.

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