Skip to content

Counterattack

Patterns pattern candlestick classic

A reversal pattern where the second candle closes at the same level as the first.

Usage

Signals a stalemate after a strong move.

Background

Candlestick patterns were popularized in the West by Steve Nison in his 1991 book 'Japanese Candlestick Charting Techniques'. These patterns provide a visual representation of market psychology and the balance of power between buyers and sellers at key price levels.

Formula

\text{Pattern Recognition Logic (TA-Lib Internal)}

Source