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Nikita (SEBI RA)

15th Sep · SEBI-Registered Analyst

Counterattack Line – Quick Reversal Signal

📊 The Counterattack Line is a 2-candle reversal pattern. ✅ Formation: 1️⃣ First candle – Strong red (downtrend). 2️⃣ Second candle – Opens gap down but closes exactly near prior candle’s close → neutralizing bears. ✅ Meaning: Buyers counterattack, reversal likely. 📌 Example: Market falls from 19,800 → 19,500. Next day opens 19,450, but closes near 19,800 → Counterattack Line → bulls fighting back. 🧠 Rule: Works better with confirmation next session.

ZEEL

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