Candlestick Snippet: the Piercing Line

Samxon

A two-candle bullish reversal after a decline: a long down candle, then an up candle that opens below the prior low and closes above the midpoint of the prior body. Buyers have pushed back hard. Educational only, not financial advice. Learn more at samxon.ca #candlesticks #piercingline #technicalanalysis #trading

Transcript

00:00The piercing line is a two-candle bullish pattern after a downtrend

00:04First, a long red candle

00:06Then the next candle opens lower, below the previous low

00:10But buyers take over, and it closes above the midpoint of the red body

00:14Sellers lost control during the session

00:17The deeper the green candle reaches, the stronger the clue

00:20It still needs context and confirmation

00:23Spot it, a green candle that rises past halfway into the red one, at a low

00:30Three chords, a yellow

00:32Sp aprendy

00:32Five frail

00:33Spend

00:33Aut

00:338

00:33Spend

00:34Spend

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