Lessons › Candlesticks › Piercing line and dark cloud cover
World 1 · Candlesticks · lesson 12 · level 2
Piercing line and dark cloud cover
If the second candle wins back more than half of the first candle's body, the other side is fighting back.
What it is
After a big red candle, green closes above its middle.
Your task in the app
Find the piercing line. Then decide: buy, sell, or wait?
How often it worked
| Market | Times found | Target first | Stop first | Went nowhere |
|---|---|---|---|---|
| India (NSE) | 65 | 45% | 49% | 6% |
| United States | 104 | 33% | 64% | 4% |
| Japan | 23 | 52% | 48% | 0% |
| Crypto | 1,145 | 34% | 54% | 13% |
| Forex | 148 | 24% | 67% | 9% |
| Commodities | 30 | 33% | 53% | 13% |
Counted on real past charts by the Trading Class research engine, 1,515 cases in all. Past odds, not a forecast.
Read more on the Piercing line pattern page.
Goal of this lesson: Recognize piercing line and dark cloud cover patterns and tell them apart from engulfing patterns.