Bearish Counter-Attack Lines

 

As the name suggest, Bearish counter-attack lines is a Bearish trend reversal pattern.

Bearish Counter-attack lines is a two-candle pattern that appears in the uptrend. The first candle is a bullish candlestick pattern and the second candle is a bearish candlestick formation. The closing price of both the candlestick patterns are same.

Theoretically, the closing price of both the candlestick formations should be the same in this pattern. Practically, we must allow the marginal difference between both and focus on the essence of the pattern.

Bearish counter-attack lines is a bearish trend reversal pattern.

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This pattern can be plotted on the chart by adding it from the study menu in TradePoint & RZone. The pattern is also available in the system builder section. By combining this pattern with other patterns and indicators, you can create your own trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

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