Japanese Candlestick Pattern Intro: Piercing

After a cold, long night (bear market), a sunbeam finally pierces through the clouds. That is a sign of hope (bull market)!

So, when you notice a green candle pierces through 50% of the preceding red candle and that happens at the bottom of a downtrend, you know that the trend is highly likely to reverse soon.

Remember Piercing. Trade Piercing.

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