Candlestick Patterns Piercing Pattern

This is a bullish pattern and the opposite of a dark cloud cover. The first Candle is a long black Candle and the second Candle is a long white Candle. The second Candle opens lower than the first Candle's low, but it closes more than halfway above
the first Candle's real body.

Please remember that this is a Down Trend reversal Pattern & hence only be useful if there already exist a Down Trend. So the first step for using all the trend reversal patterns like this Piercing Pattern is seaching a trend. If the trend is missing no trend reversal pattern is of any use.









Candlestick Chart Patterns

Candlestick Patterns Long White Candle

Candlestick Patterns Long Black Candle

Candlestick Patterns Hammer

Candlestick Patterns Piercing Pattern

Candlestick Patterns Bullish Engulfing Pattern

Candlestick Patterns Morning Star

Candlestick Patterns Bullish Doji Star

Candlestick Patterns Hanging Man

Candlestick Patterns Dark cloud cover

Candlestick Patterns Bearish Engulfing Pattern

Candlestick Patterns Evening star

Candlestick Patterns Doji Star