There are as usual two types of thrusting lines candlestick patterns-bullish as well as bearish. Bullish thrusting lines candlestick pattern is a long bullish candle on the first day. The second day or what you call the signal day, it is a bearish candle with a gap opening price higher than the high of the setup day. However, the close of the signal day should be above the midpoint of the setup day.
When a bullish long candle is formed, it means that the bulls have been in control of the market. On the signal day, the bulls push the price to a gap opening. When this happens, the bears try to comeback with the sellers trying to do the selling but are unable to push the price down below the middle of the first day. So bulls are still in control and are again ready to take control of the market.
When a Thrusting Line Candlestick Pattern is formed, it means that the trend is going to continue in the future. You can safely keep on riding the trend when you find this pattern.
The second important candlestick trend confirming pattern is the bullish separating lines pattern. This pattern is formed when on the setup day, you find a long bearish candle meaning that the bears have been in total control throughout the days.
The second day candle is a bullish one with the open equal or almost equal to the open of the previous day. This is the distinguishing feature of this pattern. The bullish separating lines confirm an uptrend. The setup day is bearish. The bears decide that the price is right to start selling.
But on the second day, bulls start massive buying making the opening price equal to the opening price on the first day. Now, the bulls are in total control of the market meaning that the uptrend will continue.
When these candlestick patterns appear on the chart, it means that the trend is going to continue. However, these patterns do not appear frequently and are somewhat rare. But whenever, they do make an appearance, they can be highly profitable if spotted correctly.
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