Post Tags

Counterattack Lines Candlestick

by admin April 5, 2019 1 min read 0 comments

Key Takeaways

  • Market conditions and their impact on trading decisions
  • Key levels and price action analysis
  • Risk management strategies for this setup
Counterattack Lines Candlestick

– Normally it should be a signal of reversal of the current Trend.

– You can find it in the variants: Bullish and Bearish, depending on the Trend in which is located.

Bullish Counterattack Lines

– It occurs during a Downtrend; confirmation is required by the candles that follow the Pattern.

– The First Candle is long and black.

– The Second Candle is white; it has the Close at the same level (More or less) of the Close of the First Candle.

– The Real Body of the Second Candle should be long as the Real Body of the First Candle.

Bearish Counterattack Lines

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.

– The First Candle is long and white.

– The Second Candle is black; it has the Close at the same level (More or less) of the Close of the First Candle.

– The Real Body of the Second Candle should be long as the Real Body of the First Candle.

Trading Data Snapshot

Always verify current market conditions before executing any trade. Past performance does not guarantee future results.

A
admin
Trading analyst and market commentator with expertise in technical analysis, price action, and risk management. Dedicated to helping traders make informed decisions.

Leave a Reply