The piercing line candlestick pattern is a bullish candlestick pattern that forms after an extended bearish trend. It can be used as an indicator to predict the resumption of the uptrend as it shows ...

Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day, candlestick price pattern that marks a ...

The piercing pattern candlestick chart is a two day price action pattern. It is created after one large down black or red candlestick followed by one large up white or green candlestick that opens ...

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EUR/GBP sold off to just below 0.8400 as its downtrend unfolds. It has formed a bullish Piercing Line Japanese candlestick reversal pattern indicating the potential for a correction higher. The pair ...

USD/JPY is mounting an assault on former trendline support as the pair retraces some of its recent losses. The bullish advance was foreshadowed by a Piercing Line candlestick formation on the 4 hour ...

It is not unreasonable to assume that gold could trade to and move above $2000 or higher during this calendar month. Gold Futures Display Strong Bullish Reversal Patterns in Consecutive Weeks Gold ...

As you can see from the chart above, we clearly have a strong downtrend on the EUR/GBP. This is the 2 hour chart; notice how at the end of the move the A candle is quite large but is countered by a ...

Bullish candle patterns are a key component of traders' technical analysis tactics and are used to spot trend reversals.(Image by mohamed Hassan from Pixabay) Bullish candle patterns are a key ...