Piercing Pattern

The Piercing Pattern is the opposite of the Dark Cloud Cover.

An example of the the Piercing Pattern

An example of the the Piercing Pattern

The Piercing Pattern appears after a downtrend and is formed with two candles:

  • the first candle has a black real body and the second one has a white long body;
  • the white candle opens under the black candle bottom and closes above the prior black candle center.

for example, forex

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