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Bearish strike back is a 6-column bearish reversal pattern.
As the price comes back into the territory of the double top buy breakout in the retracement column, it shows weakness on the bull’s part. It is followed by a bearish double bottom sell signal in the 6th column. The pattern structure indicates that the bears have retaliated.
Definedge has developed this pattern.
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This pattern can be plotted on the chart by adding it from the Add study menu in TradePoint & Patterns in 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.