Bearish side by side white lines is a bearish trend-continuation candlestick pattern indicating the continuation of an existing downtrend, even after two bullish days. This is a three candlestick formation comprising one bearish (black/colored) and two bullish (white/colorless) candlesticks. Bearish side-by-side white lines pattern is a very rare formation.



The requirements for bearish side by side white lines candlestick pattern include,

• The market should be characterized by a significant downtrend.
• The first day is a long bearish day
• The second day is a bullish day which opens a large gap below the first candlestick and closes below the first day's closing price
• The third day is also a bullish day which is very similar to the second day candlestick (almost same opening and closing prices)

Bearish side-by-side white lines formation occurs as a result of short-covering of positions. The long bearish candlestick on the first day indicates that the bearish trend is still strong. This strong downtrend also results in a gap-down opening on the second day. Although the prices rise on the second day, the candlestick does not completely fill the gap. On the third day, the prices again open lower (close to second day's opening) and again fail to fill the gap. This creates the feeling that the bulls are unable to control the market and the downtrend should continue.

Bearish side by side white lines is a moderately reliable pattern. The reliability increases when the upper shadows of the second and third candlestick do not reach up to the real-body of the first day candlestick. Confirmation of trend-continuation is needed which can be a bearish candlestick, a gap down opening or a lower close on the next trading day.

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