iCharts Discussions

[ManjunathG]

step -1The Bullish 20/20 bar is defined
by any wide-range period that has
its open price near the low of that
period and its close near the high
of that period.
We call it 20/20 because as a
general rule, the open should be in

step -2Bearish 20/20 bars form the basis of
many trading techniques.
Bearish 20/20 bars have more
significance when they occur ?after? a
decent move to the downside. We
look for at least one prior down bar.
The Bearish 20/20 bar signif

[ManjunathG]

The stock should be down at
least two days in a row.
2. We need a wide-range bar on the
current day.
3. The open of the current day must
be in the top 20% of the day?s
price range.
4. The close must be in the botto

1 remain part bottom
20% of the day?s price range

1. If the stock gaps open to the
downside by $0.50 or more,
and then begins to rally back,
buy it $0.05 to $0.10 above
the previous day?s low.
Stock down 2
days in a row.
Stock gaps down
at the open.
Buy long at $0.05 to
$0.10 above

[sumesh_sol]

Manju,

Can you please explain by few live (or at least dummy) examples. This would help us in understaning the concept better.

Regards,
Sumesh

[satishb]

what is 20/20 bar,

SATISH