Thrusting Pattern

Two candles meet in the night. The first one is black and the second one is white.

Wait—are we a poet and didn’t know it? No, because first of all, we knew it. We totally knew it. And second of all, those two candles are about to form a thrusting pattern, which is exactly the kind of stock poetry we’re here to discuss.

A “thrusting pattern” happens when we’ve got one black candle on a candlestick chart, followed by a white candle with a close above the black candle’s close, but below its midpoint.

So what should we do with a thrusting pattern when we see one? Well, the experts say [insert shrug emoji]. That’s because sometimes a thrusting pattern means we’re about to see a bullish reversal of a bearish trend…but sometimes it’s just a bullish blip, and the bearishness is going to continue. Now, if we see a thrusting pattern in conjunction with other analyses and indicators that suggest something is about to happen, then maybe we’ll want to take action and get our buy/sell on. However, all by itself, a thrusting pattern might inspire beautiful poetry, but it doesn’t tell us much about what the stock is going to do next.