Bullish Piercing is a Bottom Reversal Pattern.After a fall in price, the security reaches at the support level. a green candle gaps down  and closing higher than half of the first bearish candle – ie – green candle should at least cover 50% mark of previous red candle- Piercing Line is formed. The uppe tail of the green candle should be small in size – which indicates bears out of market.

2 Comments
  1. vignesh 6 years ago

    Hi,
    your observation is good.

  2. Author
    Latha Prabha Kumar 6 years ago

    I got a clear insight about Piercing Pattern during workshop training.Murugan Sir stressed on one point- Upper tail of today’s candle body should be small in size- A real insight for me as far as this pattern is concerned.

    Thank You Vignesh

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