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 ...

(MENAFN- DailyFX) The piercing line pattern consists of twocandlesticks , which suggests a potential bullish reversal within theforex market . This piercing pattern should not be used in isolation but ...

Some candlestick price patterns are well known, like shooting stars, hammer reversal bars, and engulfing bars. However, some of the less well-known candlestick price patterns are worth noting when ...

The Dark Cloud Cover candlestick pattern is a reversal pattern. The pattern has two candles. The first candle is bullish. The second candle is bearish. In this pattern, the second candle opens above ...

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 ...

Piercing Line and Dark Cloud Coverare two-day reversal patterns. The pattern is a bearish or bullish reversal if it appears at the end of a downtrend or an uptrend. Any other indicator, oscillator and ...

EUR/USD’s minor rebound has yielded a Piercing Line pattern on the daily. Yet the key reversal pattern awaits confirmation from a successive up-day before being validated. Amid the context of ...

Ujjivan has moved above the resistance at 280. This has been a major resistance for the last three months as this was a barrier to rising prices several times. Prices gapped above the resistance and ...