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Bullish strikeback is a 6-column bullish reversal pattern.
In the retracement column, price has come back into the territory of the double bottom sell breakout, showing bearish weakness. It is followed by a bullish double top buy signal in the 6th column. It shows that the bulls have bounced back.
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.