Is Piercing Line bullish or bearish?

May 12, 2022 Body Piercing

The piercing line pattern is seen as a bullish reversal candlestick pattern located at the bottom of a downtrend. It frequently prompts a reversal in trend as bulls enter the market and push prices higher.

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One may also ask, how do you trade a piercing line pattern?

Keeping this in consideration, which candlestick pattern is bullish? We will focus on five bullish candlestick patterns that give the strongest reversal signal.

  1. The Hammer or the Inverted Hammer. Image by Julie Bang © Investopedia 2021. …
  2. The Bullish Engulfing. Image by Julie Bang © Investopedia 2020. …
  3. The Piercing Line. …
  4. The Morning Star. …
  5. The Three White Soldiers.

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