The bearish side by side white lines (narabi aka) candlestick pattern is one of the triple candlestick patterns (i.e. it consists of three individual candlesticks), and it is a bearish pattern.
The bearish side by side white lines candlestick consists of a downward candlestick (i.e. a red candlestick), followed by an upward candlestick (i.e. a green candlestick) that opens below the close of the first candlestick (i.e. a gap down), followed by another upward candlestick (i.e. another green candlestick) that opens below the close of the second candlestick (i.e. a gap down).
Note that the gap down between the first and second candlesticks is not closed by either the second or third candlesticks.
Use In Trading
The bearish side by side white lines pattern can occur in a number of different contexts (e.g. at the beginning of a trend, during a trend, at the end of a trend, etc.), but it is most relevant when it occurs during a significant downward trend.
The bearish side by side white lines pattern is a bearish pattern, and can be used as an indication of the continuation of a downward trend.
The bearish side by side white lines pattern is relatively easy to identify on a price chart, and as long as the important elements of the pattern are provided (e.g. the gap down that is not closed), the pattern can provide a useful indication of upcoming price movement.
The bearish side by side white lines candlestick consists of a downward candlestick (i.e. a red candlestick), followed by an upward candlestick (i.e. a green candlestick) that opens below the close of the first candlestick (i.e. a gap down), followed by another upward candlestick (i.e. another green candlestick) that opens below the close of the second candlestick (i.e. a gap down).
Note that the gap down between the first and second candlesticks is not closed by either the second or third candlesticks.
Use In Trading
The bearish side by side white lines pattern can occur in a number of different contexts (e.g. at the beginning of a trend, during a trend, at the end of a trend, etc.), but it is most relevant when it occurs during a significant downward trend.
The bearish side by side white lines pattern is a bearish pattern, and can be used as an indication of the continuation of a downward trend.
The bearish side by side white lines pattern is relatively easy to identify on a price chart, and as long as the important elements of the pattern are provided (e.g. the gap down that is not closed), the pattern can provide a useful indication of upcoming price movement.
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