For a better understanding of this article, you should already know what Japanese Candlesticks are and all their features; for this reason, we suggest you to read this introductory article to Japanese Candlesticks: Japanese Candlestick Chart ( So that you can understand also the Ratings given to the Candlestick Patterns for the “quality” of the signal and for their frequency to “appear” on Charts).
Let’s analyse now the following Candlestick Pattern: “Side By Side White Lines”.
Side By Side White Lines
– Normally it should be a signal of continuation of the current Trend.
– You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located.
Bullish Side By Side White Lines
– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.
– The First Candle is white.
– Then there is a Gap Up between the First and Second Candle.
– The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is above the Real Body of the First Candle.
Bearish Side By Side White Lines
– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.
– The First Candle is black.
– Then there is a Gap Down between the First and Second Candle.
– The Second and Third Candle are white, their Real Bodies have the same length; moreover they have the Open at the same level (More or less) and is below the Real Body of the First Candle.
