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Meeting Lines Bullish
Trend: Bullish
Reliability: Moderate
How to Identify it
- 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
What it Means
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.
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