Daily Must-Learn Candlestick Knowledge
A candlestick pattern made up of two opposing T-shaped candles: one bullish and one bearish. The rising and falling forms of this pattern resemble how clothes are kneaded and rubbed—so it is named the Kneading Line. It is the result of a two-day contest between bulls and bears. The two candles close on the same closing price (generally) in succession; usually there is a force controlling the market. Such strength likely isn’t from a retail trader—at the very least, there is substantial capital behind it—so it should be given attention, especially near trend support areas.
There are two possible situations, as shown in the figure (in fact, this kind of candlestick combination can be synthesized into a single candlestick, similar to a turning-point signal like a cross/star).
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A candlestick pattern made up of two opposing T-shaped candles: one bullish and one bearish. The rising and falling forms of this pattern resemble how clothes are kneaded and rubbed—so it is named the Kneading Line. It is the result of a two-day contest between bulls and bears. The two candles close on the same closing price (generally) in succession; usually there is a force controlling the market. Such strength likely isn’t from a retail trader—at the very least, there is substantial capital behind it—so it should be given attention, especially near trend support areas.
There are two possible situations, as shown in the figure (in fact, this kind of candlestick combination can be synthesized into a single candlestick, similar to a turning-point signal like a cross/star).
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