#piercing pattern

After you have read about “Dark Cloud Cover”, a question might arise in your minds and that is “whether we have an opposite pattern to the dark cloud cover”? Yes, there is and it is called a piercing pattern. Just as a dark-cloud cover is a top reversal, its opposite, the piercing pattern, is a bottom reversal (see Exhibit 4.29). It is composed of two candlesticks in a falling market. The first…

Candlestick charts are very popular method are used by traders to determine possible price movement based on past patterns. Candlesticks are useful when trading as they show four price points (open, close, high, and low) throughout the period of time the trader specifies.

Candlestick Analysis Condlestick patterns: Engulfing, Piercing Line, Doji, Hammer

Candlestick analysis is the old charting method used in japan to trade rice. It is used for short-term traders it will show the details of the day, high low,open,close