Prior bullish trend is present. Bearish body covers the previous day high of the bullish body and managed to cover more than 50% of the previous bullish body. Short position can be considered when the price crosses the piercing day low.
Prior bullish trend is present. Bearish body covers the previous day high of the bullish body and managed to cover more than 50% of the previous bullish body. Short position can be considered when the price crosses the piercing day low.