Bullish Piercing Line

 

 

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.

 

Tweezer Top and Bottom 

Bearish Abandoned Baby

Bullish Engulfing

 

Bullish Concealing Baby Swallow

Bearish Evening Star

Bearish Engulfing

Bullish Morning star

Bullish Piercing line

Bearish Three Inside Down Candlestick

Bearish Three Outside Down Candlestick

Bearish Upside Gap Two Crows

 Bangla

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September 10, 2018