MysticEchoFirefly
Thu Feb 06 2025
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5 answers
980
What is a piercing candlestick pattern?
A piercing candlestick pattern is a two-day chart pattern indicating a potential short-term reversal from a downward trend to an upward trend. It's characterized by a first day with a large trading range, opening NEAR the high and closing near the low, followed by a gap down and a second day that opens near the low and closes near the high, covering at least half of the previous day's candle body.
