Candlestick Charting Explained Workbook by Gregory L. Morris

Author:Gregory L. Morris
Language: eng
Format: epub
Publisher: McGraw-Hill Education
Published: 2012-12-10T16:00:00+00:00

Figure 4-8 Thrusting Lines.

The bearish Thrusting Line begins with a black day formed in a downtrend. The second day is white and opens considerably lower than the low of the first day. The second day closes well into the body of the first day but not above the midpoint.

Much like the bearish On-Neck Line and the bearish In-Neck Line patterns, the bearish Thrusting Line represents a failure to rally in a down market. Because of this failure, the bulls will be discouraged, and a lack of buying will allow the downtrend to continue. The daily chart of Celgene Corp. (CELG; Figure 4.9) shows an example of a bearish Thrusting Line.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.