Guide to Ruling Lines: Explanation of Surge and Crash Lines by Plaza Investment Advisor Shugo Ito

Explanation of Bullish Run Line and Crash Line

A breakout to the upside and red indicates the bullish run line

However, when the position is high, it stagnates; a long bullish candle that is overbought also stagnates; a breakdown to the downside and red indicates the crash line

Practical Examples

6629 Technorizon Monthly Chart

2309 Shimano, etc.

Crash Line and Black Rows

A shape where the price breaks down and two dark candles appear; the second candle's low being updated from the first is an ideal form

From the decline, the crash line also declines enough; after that, it halts

Practical Examples

7942 JSP
8909 Shinoken, etc. Black Rows

Three consecutive bearish candles at the low are called Hane-3 (three-step break)

After the breakout, a line close to a Doji is

Breakout-close line

The opposite bullish candle is a breakout-opposite line, and both turn to buying

Practical Examples

6186 Ichikura
6464 Tsubaki Nakashima Breakout-3 steps, etc.