In a downtrend the market gaps open, but rallies strong to close above the previous days
midpoint. This pattern suggests an opportunity for the bulls to enter the market and support the
trend reversal. The Piercing Line pattern is the opposite of the Dark Cloud Cover.
A long black body followed by a white body.
The white body pierces the midpoint of the prior white body.
Occurs in a downtrend.
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Interesting points on candlesticks charts can be learned here. forex traders must plan their trades according to the market conditions to earn good profit. Also trading tips, share market tips can be used.