The bullish engulfing, red candle is covered by the next bull candle with a good volume. Entry above the high of the bull candle at 50.2. Stop loss at the lowest of the bull candle at 44.4.
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Bullish View
Bearish View
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The above description was a mistake, please refer the following.
The Bullish Piercing is a reversal pattern. The latest bullish should cover the previous bear candle above 50% and all the way down. Good volume can be seen. Long above the high of the latest at 76.2 and stop loss at the bottom ie 72.57. The target is 79.9.