One . . . Two . . . Three strikes – you’re out! This phrase can strike anger, joy, or even fear into the heart of a baseball player (depending on the situation). Three chances for a hit were squandered, and the opportunity has been lost. In the Bearish Three Line Strike pattern, on the other hand, those three short striking candlesticks are followed by a longer candle with the opposing sentiment. The arrangement of candles doesn’t indicate a “strike out,” as you might expect. Following a downtrend, the trio of descending black candles and the subsequent white candle actually demonstrate that a continuation of the current trend is probable. Continue Reading