Price Action: How to trade meeting lines candlestick pattern & counter...

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Indicators:
EMA 3 (blue)
EMA 20 (yellow)
EMA 50 (orange)
EMA 100 (red)
EMA 200 (purple)

Bollinger Band Period 20 Deviation 2 (green)
Bollinger Band Period 20 Deviation 1 (white)

The Bullish Meeting Lines pattern is similar to several other signals, so be sure to check for confirmation before you act on its implications. BULLISH MEETING LINE PATTERN, definition, recognition criteria, pattern requirements and flexibility, trader's behavior, buy level, stop loss level, pattern.

The Bearish Meeting Lines candlestick pattern forms during an uptrend and contains two candles: one white and one black. Meeting Lines Pattern: Normally it should be a signal of reversal of the current Trend. The Separating Lines Candlestick Pattern has the same open and is the opposite color. This is the exact reverse of the Meeting Line Pattern.

Meeting Lines (Deaisen) or Counterattack Lines (Gyakushu)
are formed when opposite colored bodies have the same closing
price. The first Candlestick body is the same color as the current trend. The second body is formed by a gap open in the same direction as the trend. However, by the close, it has come back to the previous days close. The bullish Meeting Line has the same criteria as the Piercing Line except that it closes where it closed the previous day and not up into the body. Likewise, the bearish Meeting Line is the same as the Dark Cloud pattern, but it does not close down into the body of the previous day.

In technical analysis, a candlestick pattern is a movement in prices shown graphically on a candlestick chart that some believe can predict a particular market movement. The recognition of the pattern is subjective and programs that are used for charting have to rely on predefined rules to match the pattern. We will focus on five bullish candlestick patterns that give the strongest reversal signal. 1. The Hammer or The Inverted Hammer. The Hammer is a bullish reversal pattern, which signals that a stock is nearing bottom in a downtrend. A bearish engulfing pattern is a chart pattern that consists of a small white candlestick with short shadows or tails followed by a large black candlestick that eclipses or "engulfs" the small white one. As implied by its name, a bearish engulfing pattern may provide an indication of a future bearish trend.