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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
Daily ChartWeekly Chart
Last Day: 1 Last Week: 0
Last 10 Days: 4 Last 10 Weeks: 0




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