SIDE-BY-SIDE WHITE LINES - Continuation Pattern
(narabi aka)
Description
Side-by-Side White Lines
are found in uptrends. Two white candles form side-by-side after gapping up
from the previous white candle. Narabi in Japanese means 'in a row'. Narabi aka means "whites in a
row,;
Side-by-Side Lines,
black or white, indicate a pause or stalemate
when they are observed by
themselves. In this case, the stock market data has a different meaning because they occur after a gap
in the trend's direction.
Criteria
1.
An uptrend is in progress. A gap occurs between two candles of the same co9lor.
2.
The color the first two candles is the same as the prevailing trend.
3.
The third day, a candle opens at the same or near the open price of the previous day.
4.
The third day closed near the close of the previous day.