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  • #5564
    L.Vigneshwaraprakash
    Participant
    Rank: Level 5

    piercing pattern

    the word piercing  means penetrating in to. similarly in  piercing pattern the  prevision candle will penetrated by a opposite trend candle or it can be said as the the second candle stick does not engulf the first candle completely but it will  at least cover half of the first  candle

    like engulfing  piercing pattern  candle will form in  opposite trend

    there are two types of piercing namely bullish and bearish piercing

     

    #5942
    EQSIS
    Keymaster

    The Bearish Piercing has the cover at-least 50% – which is missing in the attached chart

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