Piercing Line Candlestick Formation

Description

A Piercing Line, or Piercing Pattern, candlestick formation is composed of 2 candlesticks. The first is a long red candlestick during a downward move. The second candlestick is a long green candlestick, which opens below the low of the first red candlestick, and closes above the middle of the body of the first red candlestick.

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