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General TradingP
Piercing Line
A bullish two-candle reversal pattern where a bearish candle is followed by a bullish candle that opens below the prior low and closes above the midpoint of the first candle's body.
Example
“After a prolonged downtrend, a piercing line pattern appeared at the $150 support level, prompting the trader to enter a long position with a stop below the pattern's low.”