Two opposite-colored candles close at almost the same level. Price gaps away in the trend direction, then gets dragged all the way back to the prior close by the end of the session. A reversal hint stamped by the sheer persistence of the counterattacking side.
Counterattack Lines (also called Meeting Lines) are a reversal-hinting pattern in which two opposite-colored candles close at almost the same level.
The second candle gaps away in the trend direction, then gets dragged back to the prior session's close by the end of the day. The two candles are opposite in color and their opens are far apart, yet their closes meet at exactly the same level. That single point of contact becomes the doorway to a reversal.
A bullish Counterattack Line appears at the bottom of a decline; a bearish one appears at the top of an advance.
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The name "Meeting Lines" comes from the way two candles that started far apart come together at the close, as if meeting at an appointed price. Price first gaps strongly in the trend direction, then gets pulled back to the prior close by the bell.
The heart of this pattern lies in one point: price that opened with a gap returns, at the close, to exactly the prior session's level. Whereas the Piercing Line cuts into the prior body, a Counterattack Line only reaches the prior close without cutting in. By that gap in depth, its signal is somewhat weaker.
How to Read
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