Piercing Line Candlestick Pattern
Wed, Oct 28th, 2020
The piercing line is a bullish pattern. This combination is composed of a long black body followed by a white body. The white body should open lower and then close above the center of the black body. Here, the market gaps lower on the opening and then retraces to close above the midpoint of the previous period's black body. If the white body does not "pierce" this halfway point, more weakness can be expected in the market.