Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). A piercing pattern is a two-day, candlestick price pattern that marks a ...

(MENAFN- DailyFX) The piercing line pattern consists of twocandlesticks , which suggests a potential bullish reversal within theforex market . This piercing pattern should not be used in isolation but ...

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 ...

Some candlestick price patterns are well known, like shooting stars, hammer reversal bars, and engulfing bars. However, some of the less well-known candlestick price patterns are worth noting when ...

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 ...

AMD shares fell again Thursday, a day after the chipmaker joined a sector-wide sell-off following news that the U.S. had imposed new licensing requirements on some AI chip exports to China. The stock ...

I recently showed you how you can use Japanese "candlestick" charts to detect real-time changes in the momentum of the market. Knowing how to read these charts is critical to making sure you're on the ...

After an initial hour of volatility, the bulls gained strength, helping the benchmark Nifty50 close near the day's high on October 17. The index gained seven-tenth of a percent and formed a bullish ...