- This topic has 259 replies, 256 voices, and was last updated 2 years, 9 months ago by
.
-
Posts
-
PIERCING PATTERN is formed in candle stick analysis.,with a candle stick pattern of more than 50% of the previous candlestick.,and also the upper tail should not be very big.,we can buy at bullish piercing and sell at bearish piercing.,
IT is also called as reverse trend pattern the body should able to cover atleast previous day body…
the piercing pattern body should at least cover the 50% cover the candle sticks . measuring day will be upper tail should be small in size .
Piercing pattern the price trend leading to the pattern will be downward and number of candle lines will be two. Piercing pattern can serve as a indicator either buy a stock or and close out short positions. When it is bullish candlestick reversal pattern (buy and sell).
- You must be logged in to reply to this topic.
