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Piercing Line

May 15, 2019 by Investor

Piercing Line
It is explained as a powerful two candle reverse pattern. In a downtrend, the initial candle is described as long candle that is followed by the long candle. In it the bull candle is opened in a lower part than the low of the bear but gets closed more than the halfway over the mid of the body of the bear candle. This is also described as a cautionary sign for the sellers as the reversal to an upside portion might very soon take place.

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  6. Three Soldiers
  7. Wedges
  8. Ascending Trend Line

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