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Bearish Thrusting
Bearish Thrusting
The thrusting pattern is a bearish candlestick continuation pattern, although there’s plenty of evidence it can also generate a bullish reversal.
The pattern is formed when a black candle is followed by a white candle that meets certain criteria.
How to identify
- 1st day is a red day.
- 2nd day is a white day which opens well below the low of the 1st day.
- 3nd day closes well into the body of the 1st day, but below the midpoint.
Psychology
This pattern underscores the lack of buyers. Even though the 2nd day is an up day, it’s still unable to close above the midpoint of the previous day’s body. This suggests that the downtrend will continue.
