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Bullish Meeting Lines


This pattern signals a potential trend...

Reversal


How to identify...
  1. 1st day is a long red day.

  2. 2nd day is a long white day and closes at the 1st day's close.
Similar pattern(s)...

» Bullish Separating Lines

» Bullish Piercing Line

Psychology...

A down day followed by an up day that closes at the previous day's close gets traders to bet on a reversal. It's probably a good idea to wait for confirmation of the downtrend. This would be a higher close the next day.



Recent Scan Results...
DailyWeekly
Last Day: 0 Last Week: 0
Last 10 Days: 2 Last 10 Weeks: 0




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