Piercing
Pattern
Description
This
bullish reversal pattern is considered moderately reliable.
In
a downtrend, the black candlestick day is followed by a white/empty candlestick
day that gaps below the black day’s low and closes within the body of the black
day.
The
stock gapped down and then rallied, signifying the possibility of a reversal.
Confirmation would be an accompanying surge in volume.
Market Opinion
Bullish.
Pattern
