16.

Bullish strong line:

Forecast: bullish reversal / bullish continuation

Trend prior to the pattern: downtrend/uptrend
Opposite pattern: Bearish Strong Line

Construction:

 white body
 upper and lower shadow is not required
 none of the shadows can be larger than the body
 the candlestick body three times higher than the average body of the last 5 or 10
candles
 appears on as a long line

The Bullish Strong Line is a one-line pattern that can be classified as a bullish
reversal or bullish continuation, depending on the market context in which it has been
formed. If the whole body is placed above the trendline, we are dealing with a bullish
continuation variant. When the opening price is below the trendline we have a bullish
reversal pattern.

Explanation:

The pattern may be formed by the following basic candles: Long White Candle,
White Marubozu, Opening White Marubozu or Closing White Marubozu. What
is crucial is that the candlestick body needs to be at least three times higher than
the average body of the last 5 or 10 candles.

1. Some other authors, for example Bulkowski, are describing the pattern called
Long White Day. In our approach, what they treat as a Long White Day, we call
Long White Candle, and it is a basic candle. We introduce the Bullish Strong
Line pattern, because apart from the case where the candle contains both shadows
(Long White Candle), we also allow marubozu candles. It makes sense, because
why to exclude perfectly strong white candle only because one or two shadows
do not exist?

2. The Bullish Strong Line forms a support zone, which is stronger when the candle
appeared at a higher trading volume.

3. It may happen that at the same time the pattern may be considered as the Bullish
Belt Hold pattern. Such occurrence of Bullish Belt Hold should be seen as very
 bullish because we deal with a candle body being at least three times higher than
the average body of the last 5 or 10 candles.

4. The Bullish Strong Line may also appear within other patterns, for example as the
first line of the Dark Cloud Cover and Bearish Harami, or as the second line of
the Bullish Engulfing and Piercing.

5. There are even more patterns in which the Bullish Strong Line may appear. As a
rule of thumb, the pattern should not be ignored, because it forms a support zone,
which may be especially important in the context of bearish patterns where the
Bullish Strong Line exists.

6. The Bullish Strong Line occurs quite often on the charts which make this pattern
useful from the trading perspective. However, its efficiency should be evaluated
for a particular market/asset.