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Piercing Pattern

 

 

Description

 

This bullish reversal pattern is considered moderately reliable.

 

In a downtrend, the black candlestick day is followed by a white/empty candlestick day that gaps below the black day’s low and closes within the body of the black day.

 

The stock gapped down and then rallied, signifying the possibility of a reversal. Confirmation would be an accompanying surge in volume.

 

Market Opinion

Bullish.

 

Pattern

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Piercing Pattern_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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