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Piercing pattern is a trend reversal pattern.
Conditions:
Should cover atleast half the body of the previous candle.
The body should cover the previous high/low.
Should appear in a trend.Piercing pattern indicates a price reversal when the candle stick formed on a particular day covers the previous day low and 50 % of the previous day body, the candle stick formed should be in opposite trend to indicate reversal.
Conditions:
Body should cover previous day low and atleast 50% of previous day body.
Upper tail should not be big
Slight increase in volume is noticed.
Bullish engulfing – Buy at past two days high, stop loss – engulfing low.
Bearish engulfing – Sell at past two day low, stop loss – engulfing high.Piercing Pattern is a indication of the trend reversal.
Conditions:
The latest green body should be cover previous day low.The bull body should cover at least 50% of the previous day red candle.Upper tail should be small in size and volume may increase.
Buy:Price should go above of the previous 2 days(A).
Stop Loss:Lowest of those 2 days(Risk).
Exit: A+Risk.
piercing pattern: the body should cover the previous days low
condition: the upper tail should not be very big
green color
trend reversal
prior trend to be negative
green body should cover the low of the previous body and 50% more
Buy: if the price goes highest of two days
Piercing pattern signifies a trend reversal.
Conditions
– The recent fall/rise in price should be witnessed
– The latest body should cover the previous day’s high/low
– The latest body should cover at least the 50% of previous one
– The upper/lower tail should not be very big
Buy- when the price goes beyond the previous day’s high or stop loss
Sell – when the price goes beyond the previous day’s low or stop loss
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