Description : PATTERNS
Candlestick patterns - Bearish and Bullish
>> "Meeting Lines"
Meeting Lines is a trend reversal candlestick pattern consisting of two candles.
Depending on their heights and collocation, a bullish or a bearish trend reversal can be predicted.
The bearish Meeting Lines reversal is recognized if:
> The first candle is long and bullish and continues the uptrend;
> The second candle is long and bearish and its Close price is equal to that of the first candle.
The bullish Meeting Lines reversal is recognized if:
> The first candle is long and bearish and continues the downtrend;
> The second candle is long and bullish and its Close price is equal to that of the first candle.
Example: