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Piercing Line Bullish


Pattern: Reversal
Trend: Bullish
Reliability: Moderate

How to Identify it

  • First day is a long black day
  • Second day is a white day with an open below previous days low
  • Second days close is within but above the midpoint of the first days body

What it Means

In a downtrend the market gaps open, but rallies strong to close above the previous days midpoint. This pattern suggests an opportunity for the bulls to enter the market and support the trend reversal. The Piercing Line pattern is the opposite of the Dark Cloud Cover.



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