Three Line Strike

The three line strike is a bearish pattern that appears during the end of a large run up in price. This pattern consists of 4 different days.

The first three days of the pattern the stock has a big run up. The stocks head up every day for the first three days.

The fourth day the stock crashes. During this day the stock opens up and falls with no support. This day should have the stock close lower than the first day of the pattern.

Why is the three line strike pattern a bearish reversal? When the last day occurs and the stock crashes is shows weakness. When it breaks below the first day it signals that all short term support is broken and it is likely to continue.