Bullish Piercing Line:
How to recognize it
There must be a preceding downtrend.
A green red followed by the green candle.
The green candle opens with a gap down and closes at 50% or above of the real body of red candle.
How do we trade it:
Look for the piercing at the bottom of a downtrend.
Wait for the next candle to close below the high of the green candle
to confirm the ex
istence of bullish force.
Open a long position after confirmation.
Place a stop loss below the low of the green candle.