Here the price rises up for a period and then a reversal red body appears. It covers the upper tail of the previous day candlestick. Also, it covers more than 50% of the previous day candlestick body. Lowest value of the 2 days, 1336.2 is the entry point. Highest of the 2 days, 1359.6 is the stop loss. So the target is 1336.2 – (1359.6 – 1336.2) = 1312.8
Piercing Pattern-Bearish-ACC
