Patterns › Piercing line
Candlestick patterns
Piercing line
After a big red candle, green closes above its middle.
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.
How to practise it
Find the piercing line. Then decide: buy, sell, or wait? In the app, 36 real examples of the piercing line wait for you across 6 markets, and you say what happened next before the chart shows you.
Lesson: Piercing line and dark cloud cover.
Related
Doji · Spinning top · Bullish marubozu · Bearish marubozu · Hammer · Hanging man · Inverted hammer · Shooting star