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Bullish Three Lines Strike Screener, Tick - Daily (EOD)
| Code | Current Price | Previous Price | In Uptrend | In Downtrend | Volume Jump | Volume Fall | Volume | Chart | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| INDHOTEL | 760.95 | 783.60 | true | true | true | false | 8544.66 K |
About Scanner: Bullish Three Line Strike Candlestick Pattern
What is the Bullish Three Line Strike Candlestick ?
The Bullish Three Line Strike is a continuation pattern seen during an uptrend. It involves three bullish candles followed by a long bearish candle
that opens above and closes below the first three candles but signals continuation of the uptrend.
Key Points of Bullish Three Line Strike :
- First Three Candles: Open and close higher than the previous one.
- Second and Third Candles: Open within the previous candle's body.
- Fourth Candle: Opens higher than the previous three candles, but closes lower than the first candle's open price.
- Wait for a breakdown below the low of the previous three bullish candles.
- Enter a long position after the bearish candle is followed by a bullish candle confirming the continuation.
- Use indicators like RSI or MACD for additional confidence.
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Short-Term: Target the height of the bearish candle.
Long term - Look at other aspects like volume spurt , recent support / Resistance levels and other technicals.
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Set below the low of the fourth bearish candle.
- Set alerts for real-time notifications.
- Combine Bullish Three Line Strike pattern with other technicals/patterns with Fine Tune Filter option.
- Filter on Stock basket or your watchlist.
- Backtest to gain confidence in the pattern.
- Filter on small time frames (5 minutes to monthly).
- Auto-refresh feature available.
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Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option
Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.
