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Rick

Piercing Line

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Piercing Line

The Piercing Line is a bullish reversal pattern which is composed of a long black body followed by a white body. It tells that the market opens lower on the opening and closes above the midpoint of the prior body.

Recognition Criteria:

* A long black body followed by a white body.

* The white body pierces the midpoint of the prior white body.

* Occurs in a downtrend.

(Confirmation is suggested.)

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