Re: Piercing Candlestick Pattern
What is piercing candlestick pattern?
A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range.
How do you trade piercing candlesticks?
When a trader sees a piercing candlestick chart pattern on a particular stock chart, he should wait until the high of the first candlestick is succeed by the previous bearish candle. This is an ideal trade setup when trading with the piercing candlestick pattern. The stop loss should low of the previous bearish candle.
What is piercing candlestick pattern?
A piercing pattern is a two-day, candlestick price pattern that marks a potential short-term reversal from a downward trend to an upward trend. The pattern includes the first day opening near the high and closing near the low with an average or larger-sized trading range.
How do you trade piercing candlesticks?
When a trader sees a piercing candlestick chart pattern on a particular stock chart, he should wait until the high of the first candlestick is succeed by the previous bearish candle. This is an ideal trade setup when trading with the piercing candlestick pattern. The stop loss should low of the previous bearish candle.
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