downside reversals. StockSharphttps://stocksharp.com/handlers/atom.ashx?category=tag&id=downside reversals&type=communityCopyright @ StockSharp Platform LLC 2010 - 20242024-03-29T15:11:01Zhttps://stocksharp.com/images/logo.pnghttps://stocksharp.com/topic/24101/Simple Bar chart pattern commonly used in technical analysis.2022-10-29T19:09:08Z2023-06-01T10:32:27ZPannipahttps://stocksharp.com/users/164332/info@stocksharp.com<h2>Simple Bar Chart Pattern</h2><br /><br />Before you delve into the different types of <span style="color:Orange">bar charts</span>, let"s talk about some simple ones. With a few bars before In fact, these simple <span style="color:Orange">patterns</span> There is not much interest in <span style="color:Orange">technical analysis</span>. Maybe because it"s too simple that we think it doesn"t matter. But these <span style="color:Orange">patterns</span> There are many The concept is quite close to the <span style="color:Orange">Japanese Candlestick</span>, so knowing some of this <span style="color:Orange">pattern</span> would not be damaged. Whether to use it or not is another matter.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135448/inverted-hammer-candlestick_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135448/inverted-hammer-candlestick_png/?size=500x500" alt="Inverted-Hammer-Candlestick.png" title="Inverted-Hammer-Candlestick.png" /></a></div><br /><br /><b><span style="color:Blue">Upside Reversal (R+) and Downside Reversal (R-)</span></b><br /><br /><br /><em><span style="color:red">***It is a form of short-term change in direction. By relying on only 2 bars plus short-term trends of the past data.<br /></span></em><br /><span style="color:Green"><b>Upside Reversal</b></span> is a case where the trend is short-term. The past of the price is trending down. And today"s low is less than yesterday"s low, but today"s close is higher than yesterday"s close show that there has been Trying to push the price even lower than yesterday. Simple <span style="color:Orange">Bar Chart Pattern</span> there was buying momentum in during the day. This allows the closing price to move higher. More than yesterday There is a chance that the market will rebound to an upward trend in the short term.<br /><br /><span style="color:Green"><b>Downside Reversal</b></span> is the same as <span style="color:Orange">Upside Reversal</span>, just the opposite. In other words, the short-term trend is an uptrend and today"s high is higher than yesterday"s high. But today"s close is lower than yesterday"s close.<br /><br /><div align="center"><a href='https://stocksharp.com/file/135449/cdltasukigap_im_jpg/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135449/cdltasukigap_im_jpg/?size=500x500" alt="CDLTASUKIGAP_im.JPG" title="CDLTASUKIGAP_im.JPG" /></a></div><br /><br /><br /><span style="color:Blue"><b>Key Upside Reversal (KR+) and Key Downside Reversal (KR-)</b></span><br /><br /><br />This is a special case of <span style="color:Orange">Upside and Downside Reversals</span>, which gives a stronger signal. That is to say, in the case of the <span style="color:Green"><b>Key Upside Reversal</b></span>, unless today"s low is lower than yesterday"s low. But today"s close is higher than yesterday. As in the case of <span style="color:Orange">Upside Reversal</span>, today"s high is also higher than yesterday"s high.<br /><br />Likewise, in the case of <span style="color:Green"><b>Key Downside Reversal</b></span>, one additional condition is required: today"s lowest price must be Below yesterday"s low<br /><br /><span style="color:red"><em>***Some <span style="color:Orange">technical analysts</span> say that the KR+ and KR- provide accurate signals. If during the KR birth date there is a strong trading volume and noticeably higher But some people are not so strict with this rule. Especially when using the KR with other technical tools.</em></span><br /><br /><div align="center"><a href='https://stocksharp.com/file/135450/previous-day-high-1_png/' class='lightview' data-lightview-options="skin: 'mac'" data-lightview-group='mixed'><img src="https://stocksharp.com/file/135450/previous-day-high-1_png/?size=500x500" alt="previous-day-high-1.png" title="previous-day-high-1.png" /></a></div><br /><br /><span style="color:Blue"><b>Close on High (COH) and Close on Low (COL)</b></span><br /><br /><br /><span style="color:Green"><b>Close On High</b></span> is when today"s close is very close to the high of the day. Range from the highest price down to the closing price, no more than 10% of the highest price to the lowest price. Observed from today"s close near the high price.<br /><br /><span style="color:Green"><b>Close On Low</b></span> is the same as today"s close has closed near its lowest. It can be observed from the range from the closing price. Come for the lowest price no more than 10% of the highest price range find the lowest price.<br /><br /><br /><em><span style="color:red">***The importance of COH and COL depends on the length of the rod. Note that the longer the bars, the more COH and COL are important. However, the COH and COL signals are very weak. But if combined with other signals for example, R+, R-, KR+, KR- can also be used as a confirmation signal for a short-term change in direction. In addition, if COH and COL two days are combined, it will get another signal which will be discussed in the next topic.</span></em><br /><br /><br /><span style="color:Blue"><b>High to Low Close Signal (HLC) and Low to High Close Signal (LHC)</b></span><br /><br /><br /><span style="color:Green"><b>High to Low Close Signal</b></span> is when the first day of birth Close on High (COH) and the second day Close on Low (COL) immediately follow. This signal indicates that the market is likely to go down (Bearish). The <span style="color:Green"><b>Low to High Close signal</b></span> is Conversely, the first day of COL was born and the second day immediately COH was born, the latter signal indicating that attempts to bring down the price on the first day were unsuccessful on the second day. It also encountered a force in the opposite direction. It is likely a signal of a change in direction. <br /><br /><span style="color:red"><em>***In addition, the HLC and LHC will provide a more accurate signal. If its form occurs simultaneously with R or KR</em></span><br /><br /><br /><span style="color:Blue"><b>3 Highs (3H+) and 3 Lows (3L-)</b></span><br /><br /><br />This is a simple <span style="color:Orange">pattern</span>: if today"s close is the highest price for the last 3 days" closing price, it’s a 3H+ which is a <span style="color:Orange">Bullish Signal</span>. Below the 3 day closing price will be 3L- which is a <span style="color:Orange">bearish signal</span>. In fact, 3H+ and 3L- are suitable for use in conjunction with <span style="color:Orange">cyclical analysis</span>. Especially when born The signal is close to the transition phase of the cycle.