Chart Patterns

Bullish Counterattack

The bullish counterattack pattern is a bullish reversal pattern that predicts the upcoming reversal of the current downtrend in the market. This candlestick pattern is a two-bar pattern that appears during a downtrend in the market. A pattern needs to meet the following conditions to be a bullish counterattack pattern. 

There must be a strong downtrend in the market for the formation of the bullish counterattack pattern. 

The first candle must be a long black candle with a real body. 

The second candle must also be a long (ideally, equal in size to the first candle) but a white candle with a real body. The second candle must close near the close of the first candle. 

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