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Piercing Line Candlestick Pattern

Mon, Aug 2nd, 2021
The piercing line is a bullish pattern. This combination is composed of a long red body followed by a green body. The green body should open lower and then close above the center of the red body. Here, the market gaps lower on the opening and then retraces to close above the midpoint of the previous period's red body. If the green body does not "pierce" this halfway point, more weakness can be expected in the market. [View Example]
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