what is up down gap side by side white lines 
the up down gap side by side white lines is a three candle continuation pattern that occurs on candlestick charts understanding up down gap side by side white linesthe up version is a large up white or green candle followed by a gap and then two more white candles of similar size to each other the down version is a large down black or red candle followed by two white candles of similar size when the pattern occurs which is rare it is expected that the price will continue moving in the current trend direction down or up as the case may be the up gap side by side white lines is a bullish continuation pattern with the following characteristics the down gap side by side white lines is a bearish continuation pattern with the following characteristics the side by side white lines pattern is moderately accurate in predicting a continuation of the current trend but it is somewhat uncommon a continuation occurs 66 of the time the pattern doesn t always produce large price moves a little over 60 of the patterns produced a 6 average move in 10 days and those patterns occurred in downtrends with a downside breakout from the pattern downtrend continuation patterns occurring in other contexts didn t have price moves as large according to thomas bulkowski s candlestick research other chart patterns or technical indicators should be used to confirm the candlestick pattern to maximize the odds of success many traders opt to wait for confirmation from the pattern confirmation is price movement that confirms the expectation of the pattern for example following an up gap side by side white lines pattern a trader may wait for the price to move above the highs of the pattern before initiating a long position a stop loss could then be placed below the low of the second or third candle or even the first candle in order to give the trade more room the difference between up down gap side by side white lines and a three outside up down candlestick pattern is that unlike the former pattern the latter is a reversal pattern not a continuation pattern in the outside up pattern a black candlestick is followed by two white candles in the outside down pattern a white candle is followed by two black candles up down gap side by side white lines psychologyup gap side by side white lines examplethe apple inc aapl daily chart shows an example of the up gap version of the candlestick pattern image by sabrina jiang investopedia 2021coming off a swing low the price has a large up candle followed by a gap and then two additional side by side up candles the next day fourth candle the price continued to rally moving above the high of candles two and three this provided confirmation that the uptrend was continuing the rally lasted a few more days before drifting sideways up down gap side by side white lines limitationsinvestopedia does not provide tax investment or financial services and advice the information is presented without consideration of the investment objectives risk tolerance or financial circumstances of any specific investor and might not be suitable for all investors investing involves risk including the possible loss of principal 