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Education | Technical Indicators | Candlesticks | Chart Patterns
Piercing Line
The Piercing Line is a bullish reversal pattern which is composed of a long black body followed by a white body. It tells that the market opens lower on the opening and closes above the midpoint of the prior body.
Recognition Criteria:
- A long black body followed by a white body.
- The white body pierces the midpoint of the prior white body.
- Occurs in a downtrend.
(Confirmation is suggested.)
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