Collapse All Expand All

Thrusting Line

There are different types of Piercing Patterns. All types are bullish reversal.

Thrusting Line consists of a long black candlestick followed by a long white candlestick that opens lower than the black candlestick's low, closes into the black body but not more than halfway.

 

Recognition Criteria:

·       DownTrend

·       First line is Long Black

·       Second line is Long White

·       Second line's opening price is lower than the first line's low price

·       Second line's closing price is lower than the first line's half body

 

Function: ThrustingLine()

Trend: Bullish

Type: Reversal