It is a two candle pattern. Bull condition : Second candle's open is higher than first candle's close and close is higher than open. Bear condition: Second candle's open is lower than first candle's close and close is lower than open.
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Thank you making this beautiful Indicator for Identifying Very lesser known but very powerful pattern BULL SASH BEAR SASH. I am using this for quite while now but I came accross many times it is missing imp Buy signals at the very bottom of the down trend which is visible to even naked eyes and vise a versa. i.e. Please check close of Deepak Nitrite on 7 Mar 2022 which is Rs.1830.65/- and it opened at Rs.1839 on 8 Mar 2022 and it is very bottom of a down trend from there it went upto around 2300. Can you please do the needful to correct it. That would be very great help for us.
RohitMamilla
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How to trade based on this pattern
omkarpatki
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@RohitMamilla, Check out Bull sash Bear Sash pattern Videos on Youtube You will get better Idea of this Strong but very lesser known Candelstick Pattern.
tradingview.com/u/Arpi2018/