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Piercing

Hit Rate:

64 %

Candle Count:

2 Candles

Outlook:

Bullish Reversal

About the Pattern:

  • the first candle must be bearish

  • the second candle must be bullish

  • the open level of the second candle must be below the first candle

  • the close of the second candle must be above the 50% level of the body of the first candle

Outlook:

  • the end of a downtrend and start of an uptrend

  • the end of a pullback, resuming an uptrend

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