Categorized | Forex Videos

4.2 Piercing pattern explained

Piercing sample is also a reversal pattern. It appears at the backside of a down-pattern so its function is to turn the current down-trend into the upwards path. it is a two-candle formation that comprises of a robust black candle, adopted by using a robust, white candle. The 2nd, white candle has to open at or under the black candle’s close and shut more than 1/2 method into the black candle’s actual body. If it closes under the middle point of the black candle’s actual physique, this would no longer qualify as a piercing sample.

Comments

Comments are closed.