Side-by-side Green lines – Bullish

In the uptrend, there are two bullish candlestick patterns having opening price at around same levels. This formation is known as Side-by-side Green lines.

Side-by-side Green lines is a bullish continuation pattern. It offers the bullish continuation trade opportunity. The market is bullish unless this window is filled or price sustains below the rising window. The window remains intact and there are bullish consecutive Closings. And that is why this pattern is bullish.

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This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.



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