Piercing Line candlestick

 Piercing Line Candle Stick

 

 

The Piercing Line is the opposite of the Dark Cloud pattern and is a reversal signal if it appears after a down-trend. A bullish two-day reversal pattern. The first day, in a downtrend, is a long Red Candle. The next day opens at a new low, then closes above the midpoint of the body of the first day.