Similar to the engulfing pattern, the Piercing Line is a two-candle bullish reversal pattern, also occurring in downtrends. The first long black candle is followed by a white candle that opens ...

A piercing line pattern is a two-candlestick bullish pattern that marks a potential reversal. It is characterized by a long bearish candle, followed by a long bullish candle. The opening and ...

When a trader is watching for a bullish reversal, any red candlestick followed by a white candlestick could be an alert, but the piercing pattern is a special indication because the reversal is ...

A piercing line is a bullish reversal pattern that appears at the bottom of a downtrend. When entering a long trade or closing off a sell position, this candlestick pattern is employed as a signal.

Piercing Line (bullish pattern ... Cover pattern is only valid if it appears in an uptrend. The first candlestick in this pattern must be a light or Green/Blue candlestick with a large real ...

Though they originated from the Japanese rice trade centuries ago, candlesticks have made their way into modern-day charts. Their ability to convey much information in a simple diagram and ease of ...

In the case of a piercing line although it opens in the same manner as the engulfing bullish it must close at the midpoint or higher. Both patterns require a confirming candle on the following ...

It has formed a bullish Piercing Line Japanese candlestick reversal pattern indicating the potential for a correction higher. The pair is in an overall downtrend, however, indicating more downside ...

Similar to the engulfing pattern, the Piercing Line is a two-candle bullish reversal pattern, also occurring in downtrends. The first long black candle is followed by a white candle that opens ...