Counterattack

The Counterattack Candlestick is a key pattern that technical traders use to predict potential reversals in market trends.

This two-period pattern signals a dramatic change in market sentiment, from bullish to bearish or vice versa, depending on its position.

In an uptrend, the first period shows a strong upward movement, followed by a second period that, despite opening lower, manages to close at the same level as the first period. On the contrary, in a downtrend, the first period shows a strong downward movement, followed by a second period that, despite opening higher, closes at the same level as the previous period.