Strike back pattern – Bullish

Developed at Definedge.

Bullish strike back is a bullish pullback Renko pattern.

Point A shows the bearish swing breakout; Point B, the bullish brick reversal that forms the swing low; and Point C shows the price moving back above Point A, the level at which the bearish swing breakout pattern was completed.

Prashant Shah introduced this pattern in his book on Renko charts.

Click here to know more about the pattern.

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.