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    Home»Education»Candlesticks»Piercing line
    Candlesticks

    Piercing line

    By TolbertiAugust 11, 2022No Comments
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    The piercing line is also a two-stick pattern, made up of a long red candle, followed by a long green candle.

    There is usually a significant gap down between the first candlestick’s closing price, and the greencandlestick’s opening. It indicates a strong buying pressure, as the price is pushed up to or above the mid-price of the previous day.

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