A white candlestick with an upward gap over another white candlestick is followed in the next day by another similar sized white candlestick. The second and the third days have the same opening price. Such a formation is called a Bullish Side By Side White Lines Pattern.

Recognition Criteria:

1. Market is characterized by uptrend.
2. We see a white candlestick in the first day.
3. Then we see another white candlestick on the second day with an upward gap.
4. Finally, we see a white candlestick on the third day characterized by the same body length and whose closing price is equal to the close of the second day and a new high is established.

Bullish Side By Side White Lines Pattern appears in a bullish market. The first white candlestick confirms the continuation of the bull market. On the second day, the market opens with an upward gap and it closes at a still higher level. On the third day, the market suddenly opens at a much lower level even as low as the previous day's open. However, the initial selling that causes the lower opening ends quickly and the market again climbs to yet another high. This demonstrates that the bullish move is continuing.

Important Factors:

The two side-by-side white candlesticks that we see after the upward gap are not only of similar size, but also their opening prices should be almost the same.

The reliability of this pattern is very high, but still a confirmation in the form of a white candlestick with a higher close or a gap-up is suggested.