Candlestick Patterns
Resources for Advanced Trading

Candlestick Thrusting Line Patterns

Candlestick Patterns

The Thrsting Line pattern is formed when a black candle is followed by a white candle that opens below the close of the previous black candle and is not able to close above the mid-point of the black candles body. This pattern is the reverse and inverse of the Incomplete Dark Cloud Cover pattern.

The Thrusting Line pattern is not very common. It represents a potential bullish market reversal only when two of these patterns appear within a down trend. Conservative traders should wait for confirmation of this pattern before entering a market position. Confirmation of any bullish pattern occurs when the bullish pattern is followed by a white candle with a higher close, higher high and higher low.

Much like the Incomplete Dark Cloud Cover pattern, the Thrusting Line pattern can form within a down trend as the market breathes. This is why confirmation of the Thrusting Line pattern is important for investors and why investors should attempt to gauge the markets conditions before acting on this pattern formation.

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