MEMBERSHIP Login Registration Member Services TOOLS Stocks Indices CandleQuery Top 25 Lists Watch List EDUCATION About Candlesticks Candlestick Terms Indicator Glossary CONTACT US HOME	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.
	Want to know more? Click here for references and deeper knowledge of Candlestick Patterns... [Login] [Register] [Charts] [Top 25] [CandleQuery] [Portfolio] [Guide] [Talk Shop] [Home] By viewing this page you, the site visitor, agree to our Disclaimer. copyright 1998-2007 Lit Wick Co., LLC admin@candlestickchart.com