Counterattack Line
Two opposite-coloured candles that close at the same price — bulls and bears fought to a draw — a potential reversal warning.
Counterattack Lines (also called Meeting Lines) form when two candles of opposite colour close at the same price. The first candle extends the trend; the second candle opens with a gap in the same direction but then reverses completely to close at the same price as the prior session.
A bullish Counterattack appears at the bottom of a downtrend: a bearish candle is followed by a gap-down open that rallies all the way back to the prior close. A bearish Counterattack appears at a top. The shared close signals temporary equilibrium — watch for confirmation the following session before acting.
Related Terms
Dark Cloud Cover
Two-candle bearish reversal: a bullish candle followed by a bearish candle that opens above the prior high and closes below the midpoint of the first body.
BeginnerPiercing Line
Two-candle bullish reversal: a bearish candle followed by a bullish candle that opens below the prior low and closes above the midpoint of the first body.
BeginnerTweezer Bottom
Two consecutive candles with matching lows at the bottom of a downtrend — the shared low was rejected twice, hinting at a floor.
BeginnerTweezer Top
Two consecutive candles with matching highs at the top of an uptrend — the shared high was rejected twice, hinting at a ceiling.
Beginner