The following conditions are met for bullish piercing:
The green candle head should be as small as possible
It should cover the previous day low
It should cover atleast 50% of previous red candle
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The following conditions are met for bullish piercing:
The green candle head should be as small as possible
It should cover the previous day low
It should cover atleast 50% of previous red candle
M | T | W | T | F | S | S |
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1 | 2 | 3 | 4 | 5 | ||
6 | 7 | 8 | 9 | 10 | 11 | 12 |
13 | 14 | 15 | 16 | 17 | 18 | 19 |
20 | 21 | 22 | 23 | 24 | 25 | 26 |
27 | 28 | 29 | 30 | 31 |
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Hi,
Piercing candlesticks patterns works well in daily chart.
Hi
Thank you for the feedback.
Can you confirm if my understanding of the bullish piercing is correct apart from time interval?