System Trading Forum

 

'Evolving Traders!'

Home Education Forums Products Systems

 

     
 

Quick Links

Technical Analysis

Fundamental Analysis

Options

Articles

Newsletter

Free Stuff

Free code library

TradeStation EasyLanguage Course

 

 

What's New

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.

 

Notes and references

  1. http://www.swingtracker.com/content.php?content=candle_piercingline

 

See also

Recent Posts


TIME TO BUY OIL STOCKS
How to select a right commodity broker
Learn about futures trading at LearnAboutFutures.com
Arbitrage - Riskless Income from Stock Market
A SECRET TIMING INDICATOR


 

Partner Site



 

Our Sponsors

 

 

Copyright Management Information Technologies, LLC. All Rights Reserved.

MIT Links Capturing Option Theta Futures and FX Broker