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Candle - Meeting Lines - Bullish
The first day is a long black day, and has a body that is lower than the previous trend.
The second day is a long white day, and has a body that is also lower than the previous trend. Both days have identical closes.

In a downtrend two days open below the previous trend. Even though the second day open low, it rallies to close at the close of the previous day. This typically means a benchmark has be defined by traders, and a reversal is likely.


Candle - Meeting Lines - Bullish

If(Ref(OPEN-C,-1)>(Mov(Abs(OPEN-C),10,S)), {long black}
If(C-OPEN>(Mov(Abs(OPEN-C),10,S)), {long white}
If(Abs(C-Ref(C,-1))<((Mov(Abs(OPEN-C),10,S))/10), {doji close}
1,0),0),0)

 

Source / From: TOP
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