Closing Price Reversal

The bar is the same as the Open-Close reversal, but positioned differently relative to the preceding Close.

After an up-trend, a new High forms:

• With the Open near the High,
• The Close near the Low, and
• The Close is below yesterday's Close.

After a down-trend, a new Low forms:

• The Open must be near the Low,
• The Close is near the High, and 
• The Close is above yesterday's Close.
  

Reminder:

The signals are most reliable if they occur after a strong trend. If the trend is weak, so is the signal.