Monday, April 27, 2015

Meeting Lines candlestick pattern

Meeting Lines

Meeting Lines

Meeting Lines is a trend reversal candlestick pattern made up of 2 bars. It can be considered as reversal signal in the current trend.
The bearish trend reversal Meeting Lines:
  • The 1st bar is long and bullish;
  • The 2nd bar is long and bearish and its Close price is near to that of the first one;
The bullish trend reversal Meeting Lines:
  • The 1st bar is long and bearish;
  • The 2nd bar is long and bullish and its Close price is near to that of the first one;
We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.
Under certain circumstances, a Bullish pattern can also perform as a Bearish pattern, and a reversal pattern can be changed into a continuation pattern.

If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.


The following pictures are taken from our Candlestick Pattern Indicator (Thinorswim version).













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