BEL – BEARISH PIERCING PRACTICE ( OLD DATA )

CONDITIONS FOR BEARISH PIERCING:

1.Following the positive candles, a negative candle covering the upper tail and more than 50% body of the previous positive candle should appear.( yes present)

2. The lower tail of the piercing candle should be very small. ( yes small lower tail is present)

3. Volume should be above average during any of the past two days. ( yes above avg volume present)

4. Its time to take short position.