The Bullish Counterattack is two candles: a large bearish candle, then a bullish candle that opens with a sharp gap down but rebounds to close at the first candle's close. It resembles the Piercing Line but without piercing the middle of the body, so it is a little weaker.
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PATTERN ID
SignalBullish ▲
Reliability★★★☆☆
Win Rate55%
Expected move+3–6%
TimeframeDaily
ConfirmationRequired
The short answer
What is a Bullish Counterattack candle?
The Bullish Counterattack (Bullish Counterattack) is two candles: a large bearish candle, then a bullish candle that opens with a sharp gap down but rebounds to close at the first candle's close. It resembles the Piercing Line but without piercing the middle of the body, so it is a little weaker.
How to spot a Bullish Counterattack candle
First candle: a large bearish candle within a downtrend. Second candle: opens with a sharp gap down. The second candle is bullish and closes at roughly the first candle's close.
Is a Bullish Counterattack candle a bullish or bearish signal?
A bullish reversal pattern made of two candles. Confirmation: required. Reference success rate: 55%. See it on live daily candles for any symbol in the members' technical terminal. Open the technical terminal →
Pattern illustration
Large falling ← a rising candle that opens with a gap and closes at the first candle's close
How to identify the pattern
Step-by-step checks
First candle: a large bearish candle within a downtrend
Second candle: opens with a sharp gap down
The second candle is bullish and closes at roughly the first candle's close
Matching closes are the core of the pattern
Trading psychology
The power struggle between buyers and sellers
Sellers try to extend the drop with a gap down at the open, but buyers fight back and return price to yesterday's close. The sudden stop in selling momentum shows the two sides are evenly matched at this level.
Outlook and confirmation
Entry conditions and expected price move
Needs confirmation in the next session
A reversal signal weaker than the Piercing Line (~55%) that needs strong confirmation. Historical range +3–6%. It helps to combine it with clear technical support.
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