What is a Thrusting Pattern?

Hello Jane,

A thrusting pattern features two candles presented as long lines. Comprising of a black body, the first candlestick occurs in a descent. Contrarily, the second bar is white. It starts under the prior base and ends over its close but underneath its midpoint. This sets it apart from in and on neck illustrations where both candles share a closing level.
A thrusting pattern, therefore, shows bullish efforts to save a diving market. Buyers in the climb are anxious about the unsustainable uptrend. As such, sellers proceed with the descent the following day. Although it’s considered a downward continuation, this technique can also represent a bullish reversal. The direction of the price beyond the pattern isn’t definite making this strategy unreliable for treading breakouts. Seeing price can break anywhere, values above the first candle’s peak hint at a long position while those under the second bar’s bottom indicate a short position.
A stop-loss order is also crucial for this method. For upper breakouts, you can set the stop order beneath the pattern’s low. On the contrary, the area over the pattern’s apex is ideal for stops involving downward breaks.