||Piercing pattern Real Time
The Piercing pattern is a reversal pattern during the transition from a bearish trend to a bullish one.
The Piercing pattern is made up by two candlesticks and appears during a bearish market. The first candlestick has a black body and the second candlestick has a long white body. The white candlestick opens much earlier than the price low of the preceeding black candlestick. Then the price goes up, thus forming a relatively long white body that is engulfed up to a point that is higher than the middle of the black candlestick.
o\1\>=c\1\ and c>o and 0.5*(c\1\+o\1\)<c and c\1\>o and o\1\<o\2\ and
c\1\<c\2\ and c\2\<c\3\
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