![]() The pattern’s name derives from how the candles move in opposite directions, with a horizontal line between their closes – a counterattack.īut before we learn the details of this counterattack, we must learn how to identify this supposed bullish reversal pattern. ![]() But history tells us that the traditional trading lore is incorrect and that this pattern is a bearish continuation. ![]() What Is a Bullish Counterattack Candlestick Pattern Bullish Counterattack Candlestick Pattern Illustrationīullish counterattack lines patterns supposedly signal a trend reversal. If so, keep reading to learn how to trade the bullish counterattack lines pattern in a profitable, data-driven way. This pattern loses in a big way when traded traditionally.īut what if I said you could make this candle pattern much more profitable by listening to the data? The bullish counterattack, also known as the bullish counterattack lines, is a two-bar bearish reversal Japanese candlestick pattern that suggests bearish action is ahead according to historical backtests. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |