Three Empty Bearish Lines
Pattern Introduction: Bullish Pattern. In a downtrend, three consecutive bearish lines with gap down openings appear. Excessive decline is a significant consumption of short selling energy. When the short selling energy is depleted, the stock price is likely to hit a bottom. This pattern is referred to as Three Empty Bearish Lines.
Buy Reference Point: The day after the Three Empty Bearish Lines pattern appears, if the stock price rises and surpasses the opening price of the previous K line, a buying point emerges.
Stop Loss Reference Point: The lowest point of the third bearish line.
