Background Knowledge – Piercing Line Pattern
background knowledge 🕯️ Piercing Line Candlestick Pattern: Definition, How It Works, Trading Strategies & Examples The Piercing Line is a two-candlestick bullish reversal pattern that can appear after a downtrend. It signals that selling pressure may be weakening and that buyers are beginning to regain control. The pattern consists of a long bearish candle followed by a bullish candle. The…