Bearish separating lines

Bearish Separating Lines Candlestick Pattern
June 16th in Bearish Double-Stick Patterns by Mash Bonigala .

Bearish Separating Lines
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This pattern signals a trend...

Bearish Separating Lines
The bearish separating lines (iki chigai sen) candlestick pattern (view full size chart) is one of the double candlestick patterns (i.e. it consists of two individual candlesticks), and it is a bearish pattern.

Bearish Separating Lines
Discussion
The bearish separating lines candlestick acts in theory as it does in reality, as a bearish continuation of the exiting price trend 63% of the time. That is quite good.

Bearish Separating Lines
Bearish Separating Lines is a continuation pattern that occurs in a downtrend with a long bodied white candlestick followed by a black candlestick with the same opening price as the first but with no upper wick.
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Bearish separating lines are characterized by a white or green candlestick that occurs in a downtrend. This downtrend is quickly followed by a piercingly lower gap as the market opens the following day.

Bearish separating lines should be traded during a strong downtrend. Traders should make sure that the two candlesticks in the formation are of a decent size. A short position can be taken after the close of the second candlestick.

The Bearish Kicking Pattern is similar to the Bearish Separating Lines Pattern except that instead of the open prices being equal, in the Bearish Kicking Pattern a gap occurs.

See also: Separating Lines, Pattern, Rating, Bearish, Chart