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Crypto · candlestick pattern

Piercing line on Arbitrum

On Arbitrum the piercing line showed up 113 times. The target came first 35% of the time, the stop 60%, and 5% went nowhere within 12 candles.

Counted on Arbitrum (ARB/USDT): daily candles from March 2023, 4-hour candles from March 2023 and hourly candles from March 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily10%100%0%
4-hour1833%56%11%
Hourly9435%61%4%

Arbitrum against the rest

ChartsFoundTarget firstStop firstWent nowhere
Arbitrum11335%60%5%
All Crypto charts4,56533%54%12%
Every market6,12834%55%11%

Year by year

YearFoundTarget firstStop first
20232524%68%
20243336%58%
20253339%55%
20262236%64%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the piercing line is

After a big red candle, green closes above its middle.

Imagine sliding down a slide, then climbing back up more than halfway before you stop. A piercing line is like that: after a big red candle, the next green candle climbs back past the middle of the red one. Buyers took back more than half of the drop.

The full piercing line lesson, video and quiz ›

Other patterns on Arbitrum

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them

The piercing line elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · S&P 500 · GBP/USD · EUR/JPY

Questions

How often does the piercing line work on Arbitrum?

In 113 cases on Arbitrum, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 60%; 5% went nowhere within 12 candles.

What is the piercing line?

After a big red candle, green closes above its middle.