Methodology
Ways to develop a market POV
Four approaches to deciding what to buy or sell.
Methodology
Four approaches to deciding what to buy or sell.
Two consecutive candles with the same (or near-identical) high. First is green, second is red. The matching high signals resistance held twice.
Bearish·Bearish reversal·2-candle·Requires a prior uptrend
What it means
Buyers tested a high on day one and failed; tested again on day two and failed. Sellers defended the level twice; resistance is real.
Confirmation to wait for
Strongest with rising volume on day two. Some traders require day two's close below day one's open.
Failure mode
Common inside any range; only meaningful after a sustained uptrend at a recognised level.
|prev.high − curr.high| ≤ 0.5% × prev.high AND prev green AND curr red. Prior 5-day uptrend.
The scanner below applies this rule to today's daily candles across actively-traded NSE equities, ranked by traded value (price × volume). Liquidity floor: ₹25 Cr traded today. Rule-based matches - not buy/sell calls.
Scanner coming soon
Detection isn't wired for this pattern yet. The rule above describes what the scanner will look for; it'll go live with the next set of detectors.
Pattern definitions are descriptive, not predictive. Confirm with volume + the broader trend on the index / sector before trading any single-stock signal.
Bearish Engulfing
Bearish reversal