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.

Trading Strategies:

• 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.

Target:

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.

Stop Loss:

Set below the low of the fourth bearish candle.

TSR & Bullish Three Line Strike Scanner:

• 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.

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.

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