Thursday, June 23, 2016

What is Bullish Separating Line: Bullish Continuation Pattern?

What is Bullish Separating Line: Bullish Continuation Pattern?

Bullish Separating Line is a bullish continuation pattern and is opposite of Bearish Separating Line. In this pattern, first candle is a long black candle. Second candle opens gap up at first candles' open level and closes up, thus forming a long white candle.

This pattern is traded during a strong uptrend. Long positions can be initiated after the closing of second candles. Traders should make sure that both the candles are of decent size.