The piercing line candlestick pattern is a bullish candlestick pattern that forms after an extended bearish trend. It can be used as an indicator to predict the resumption of the uptrend as it shows ...
EUR/USD’s minor rebound has yielded a Piercing Line pattern on the daily. Yet the key reversal pattern awaits confirmation from a successive up-day before being validated. Amid the context of ...
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HammerHead has introduced four tools to its pneumatic piercing line. The models come in two sizes, 4-inch and 5.125-inch. Both sizes are available in a Catamount reciprocating head model or a fixed, ...
Overhanging resistance at 1.3700 may cap further gains and present selling opportunity The recent Piercing Line candlestick formation has continued to result in further gains for EUR/USD. The absence ...
It is not unreasonable to assume that gold could trade to and move above $2000 or higher during this calendar month. Gold Futures Display Strong Bullish Reversal Patterns in Consecutive Weeks Gold ...
EUR/GBP sold off to just below 0.8400 as its downtrend unfolds. It has formed a bullish Piercing Line Japanese candlestick reversal pattern indicating the potential for a correction higher. The pair ...
It is a bullish reversal pattern. It occurs in a downtrend and is comprised of two candlesticks. The first candlestick is a long black candle, accompanied by high volume. The next candlestick makes a ...
After opening in the negative, Nifty50 gained strength in late morning deals and gradually extended by more than 100 points on April 22. The index formed a bullish candle on the daily charts, as the ...
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