Understanding Candlestick Patterns 101: Three Line Strike

The three line strike reversal pattern was first introduced by Bulkowski.  It is meant to identify when a current downtrend is about to experience a trend reversal to an uptrend and produces an 84% accuracy rate.


STRATEGY NAME: The Three Line Strike


TIMEFRAME: Daily Chart



  1. Identify downtrend
  2. 3 bearish candles that all open at a lower price than the previous open
  3. Bullish candle that opens lower than the previous bearish candle and closes above the high of the first bearish candle
  4. Enter a buy/long position
  5. Use trailing stop to maximize profit potential


Three Line Strike Trend Reversal Daily Forex Strategy

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