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Piercing Line
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 |
Signal |
Bullish |
Type |
Reversal |
Reliability |
High |
|
Recognition
- The market is in downtrend
- 1st day is a long black body
- 2nd day is a white body which opens below the previous
day’s low
- 2nd day closes within, but above the midpoint of the 1st
day's body
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