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Forex Stock Exchange Forum » Forex and Stock Trading English Forum » Forex School » Piercing Pattern

Piercing Pattern

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1attention Piercing Pattern Mon Mar 30, 2015 2:59 pm

gandra

gandra
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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.



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