Candlestick Charting 

Candlestick Patterns Bullish Signals / Piercing Pattern


Candlestick Patterns Bullish Signals/ Piercing Pattern

Market in down pattern.
Opens below prior low (or close).
White candle closes deeply right into prior black genuine body.

Market Ramification: Base turnaround.

Support: The most affordable low of the two candlestick lines.

Psychology: The bearish effects of the black real body are countered by the capability of the bulls to press rates deeply into the black candle's real body the following session.

The second session has to close at the very least halfway into the prior genuine body.
Black genuine body needs to be reasonably long.
Opposite of Dark Cloud Cover.

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One Thought to “Candlestick Patterns Bullish Signals / Piercing Pattern”

  1. Ariel Martin

    Good, Man.

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