DEFINITION of 'Thrusting Line'

In technical analysis, the bearish or bullish thrusting line serves as a continuation indicator, adding evidence that a stock will continue its current price trend. The visual depiction of this pricing trend using candlestick graphs shows the second day of trading closing the opposite direction of the first, but failing to break through the midpoint of the real body (the range between the opening and closing prices).

BREAKING DOWN 'Thrusting Line'

The thrusting line is considered a weak confirmation of a directional trend, and should not be the lone basis for a decision in technical analysis. It should be further confirmed in subsequent days with additional bearish or bullish signals.

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RELATED FAQS
  1. How do I create an optimal thrusting line on candlestick patterns?

    Learn how to draw a thrusting pattern on a candlestick chart, and understand how the thrusting pattern can confirm a prior ... Read Answer >>
  2. What are the best technical indicators to complement the Thrusting Line?

    Discover some of the best technical indicators that traders use for confirmation of signals given by the thrusting line candlestick ... Read Answer >>
  3. Why is the Thrusting Line important for traders and analysts?

    Learn what the thrusting line candlestick pattern looks like and how its occurrence is commonly interpreted by traders and ... Read Answer >>
  4. Are continuation patterns most useful when looking at Candlesticks?

    Learn the basics of using candlesticks to confirm continuation or reversal patterns and the vital role this plays in establishing ... Read Answer >>
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