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shaken out by the sudden loss of bearish momentum.
Uptrends are common after this formation as more buyers
confidently enter the market with a clear However, some
traders wait for further confirmation regardless of how far
the Piercing Line penetrates the second day. They would
look for another up day and buy on the open of the fourth
candle. Protective stops would then be placed below the
lows of the formation.
Uptrends are common after this formation as more buyers
confidently enter the market with a clear However, some
traders wait for further confirmation regardless of how far
the Piercing Line penetrates the second day. They would
look for another up day and buy on the open of the fourth
candle. Protective stops would then be placed below the
lows of the formation.
