Meeting Lines Bullish
Pattern: Reversal
Trend: Bullish
Reliability: Moderate
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How to
Identify it
- The first day is a
long black day, and has a body that is lower than the
previous trend
- The second day is a
long white day, and has a body that is also lower than
the previous trend.
- Both days have
identical closes
What it
Means
In a downtrend two days
open below the previous trend. Even though the second day
open low, it rallies to close at the close of the previous
day. This typically means a benchmark has be defined by
traders, and a reversal is likely.
