Piercing Pattern
Piercing Pattern is a two-candle candlestick pattern used in technical analysis that signals a potential reversal to the upside in a downtrend; the second candle opens below the first close and closes above the midpoint of the first candle's body.
Example: Example: On a daily chart after a downtrend, Day 1 closes near its low; Day 2 opens below Day 1's close and closes above the midpoint of Day 1's body, with subsequent days showing higher prices.
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