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.