Piercing Line
BullishReversal2 candlesReliability:
A bullish candle opens below the prior bearish low then closes past its midpoint — a bullish reversal.
Description
In a downtrend, a bullish candle gaps down then recovers strongly, closing above the midpoint of the prior bearish body.
Market psychology
A negative open, but buyers reclaim more than half the loss — sellers' conviction starts to crack.
How to trade
Buy on the confirming close; stop-loss below the pattern low. The deeper into the bearish body, the stronger.
Confirmation
Close above 50% of the bearish body; further confirmed by the next bullish candle.
Also known as: Piercing Pattern
Educational content only — not financial advice. Cryptorua reads public market data and never places orders.