NZD/USD - Bear Continuation Pattern Analysis

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
74 0 3
This pattern is something I've been testing for some time now with a live account using a small amount of risk.
The high of the bear candle (found @0.67540) and the low of the bear candle (@ 0.66862) marked by the highlighted red box, measuring roughly 678 points from top to bottom.

What follows after a high volume bear movement are three white (bull) candles, with each proceeding candle closing higher than the previous one and typically reaching around 50% of the entire bear movement (highlighted by the red resistance line @ 0.67214, forming a hook-like pattern.

What's the outcome?

Prices tend to move further to the downside reaching the low of the bear movement @ 0.66862 and even further if prices close below the support line.

Here are the figures:

High: 0.67540
Low: 0.66862

Difference: 678 points

3rd Bull Candle Close: 0.67214
Last Bear Candle Low: 0.66862

Difference: 352 points

CONCLUSION: Bearish Bias
With the kiwi still ranging inside of its descending channel , and with prices currently near the resistance trend line ,
expect prices to retest around the 0.67200 area before moving further to the downside.

Have you seen this pattern before? If you have comment below!

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