Piercing Pattern
Mon Mar 30, 2015 2:59 pm
[You must be registered and logged in to see this image.]
Piercing pattern -- a bottom reversal signal. In a downtrend, a long black candlestick is followed by a gap lower
during the next session. This session finishes as a strong white candlestick which closes more than halfway into the prior black candlestick's real body. Compare to the on-neck line, the in-neck line, and the thrusting line.
Piercing pattern -- a bottom reversal signal. In a downtrend, a long black candlestick is followed by a gap lower
during the next session. This session finishes as a strong white candlestick which closes more than halfway into the prior black candlestick's real body. Compare to the on-neck line, the in-neck line, and the thrusting line.
Short info about me!
I am forex, stock market trader, and software developer at the same time. I developed several Trading Robots (Expert Advisors) for trading on Meta Trader 5 trading platform. If you want to see all my EA's, visit the following link below.
* [You must be registered and logged in to see this link.]
Permissions in this forum:
You cannot reply to topics in this forum
|
|