Piercing line
Candle Combos
Halfway is the line
After a decline: a red candle, then a green that opens lower but closes ABOVE the midpoint of the red body. Buyers reclaimed more than half the lost ground overnight.
Candle Combos
After a decline: a red candle, then a green that opens lower but closes ABOVE the midpoint of the red body. Buyers reclaimed more than half the lost ground overnight.
The green candle must close…
Above 50% = conviction. Below 50% is 'on-neck' weakness, not a piercing line.
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