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All Patterns Flashcard Game
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Bullish Meeting Lines Candlestick Pattern
| This pattern signals a potential trend |
Reversal
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| How to identify |
- 1st day is a long red day.
- 2nd day is a long white day and closes at the 1st day's close.
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| Similar pattern(s) |
» Bullish Separating Lines
» Bullish Piercing Line
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| 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.
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