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Side by Side - Bullish and Bearish

By: FX-Strategy Side by Side - Bullish and Bearish (Candlestick Continuation Pattern) In a Bullish Side by Side pattern the first two days develop as a long white days where the second day creates a gap opening above the high of the first white day. The subsequent day is also a white day that has an opening price at, or around, the open of the second day and in spite of the lower open, continues to rally to close around the area of the close of the second day. This rally after a potentially bearish open after the second day is a sign that there are still plenty of buyers to push price higher. A break above the high of the third day would confirm the move. In a Bearish Side by Side pattern the first two days develop as a long black days where the second day creates a gap opening below the low of the first black day. The subsequent day is also a black day that has an opening price at, or around, the open of the second day and in spite of the higher open, continues to decline to close around the area of the close of the second day. This decline after a potentially bullish open after the second day is a sign that there are still plenty of sellers to push price lower. A break below the low of the third day would confirm the move.