How to trade PIERCING?
Trend: Bearish or consolidation
Information: Indicates a possible price reverse
Timeframe: From 1D
Shape: One bearish candlestick followed by a bullish one that closes above the middle of the first
Middle: The higher the second candle closes, the more bullish the pattern
Support level: If the second candle tested the support level and bounced above the middle of the first candle, this is another confirmation of the pattern