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Candle - Meeting Lines - Bearish
1st day is a long black day. 2nd day is a long white day and closes at the 1st day's close.
A down day followed by an up day that closes at the previous day's close gets traders to bet on a reversal. It's probably a good idea to wait for confirmation of the downtrend. This would be a higher close the next day.


Candle - Meeting Lines - Bearish

If(Ref(C-OPEN,-1)>(Mov(Abs(OPEN-C),10,S)),
If(OPEN-C>(Mov(Abs(OPEN-C),10,S)),
If(Abs(C-Ref(C,-1))<((Mov(Abs(OPEN-C),10,S))/10),-1,0),0),0)

 

Source / From: TOP
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