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Piercing Line pattern.. Bullish breakout!
A strong binary pattern that appears at the end of a downtrend, providing a strong bullish reversal signal.
How to identify it?
1. A long red candle
2. A green candle that opens below it but closes above the midpoint of the red candle
What does it mean?
Buyers have entered strongly and breached the sellers' resistance. A strong signal of the beginning of the rise.
The market is piercing upwards!
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