Piercing Candlestick Chart Pattern || 10% to @tron-fan-club

Assalamu AlaikumMy Dear Steem Friends,This is @kawsar from Bangladesh.

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Today i will Discuss with you About Piercing Candlestick Chart Pattern. Learning these candlestick chart patterns is very important and vital for those who are trading. So I thought I'd share with you a series of posts about these candlestick patterns from now on. And in its continuation, today I will discuss about this Piercing Candlestick Chart Pattern. This is a bullish reversal candlestick pattern. I hope you will benefit a lot from reading this post and will be able to use the trading experience. I always try to share with you what I know about myself.

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_{Image Design From Adobe illustrator}

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Piercing Candlestick Chart Pattern:

Piercing Candlestick Chart Pattern is a bullish reversal pattern. This is normally what we see below the downtrend, this Piercing Candlestick Chart Pattern Candlestick pattern consists of 2 candlesticks. The first candle is red (bearish candle) and the second candle is green (bullish candle). To be a Piercing Candlestick Chart Pattern, the first candle must be red and the second candle must be green. Looking at the Piercing Candlestick Chart Pattern after the downtrend, we can see that the market is still on the downtrend. But after the red colored candle new green colored candle is made and by this we can know about a reversal of bullishness in the market.

To be a Piercing Candlestick Chart Pattern, the second candle must be closed above 50% of the first candle. Then we can be sure that it is a candle and its body is much bigger. And of course we can see from this candlestick that the market will start going uptrend from now on. However, before looking at the Piercing Candlestick Chart Pattern and confirming, we must confirm some other things. We need to add other indicators to this. We can add any other indicator. Because we will never confirm an entry in any trade. If we look like this in our chart then we get a bullish signal here which means we expect the market to go up from here.

However, once this is confirmed, we will not take the entry, we will add another indicator to it and see if that indicator is giving a buy signal here. Or whether any sign of uptrend is chasing. If they give us a signal of bullish reversal from here or any signal that the market will go uptrend from here. Then we get these two signals together and then we will take entry in this trade.

I have given a picture below, if you look at this picture you can easily understand what Piercing Candlestick Chart Pattern might look like in the market.

_{Image Design From Adobe illustrator}

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How to Entry:

We've discussed the Piercing Candlestick Chart Pattern above and it's a bullish reversal that we've shared. At this stage we can easily understand that if we see this Piercing Candlestick Chart Pattern in the market then how can we take entry in this trade and where will I take entry from. I have shared an image below for the subject in these cases. If you notice well, you will easily understand where to enter the market and where to make a stop loss. Here we can enter the name market from the position above the second or bullish candlestick and below the second or bullish candlestick where we can give stop loss this is how we can take.

_{Image Design From Adobe illustrator}

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We learned this candlestick today and we also realized that if we can see this candlestick in the market then we are getting a very easy buy signal. But I say again, it will work well when we see it below the downtrend and when we see this we will use the help of another indicator to confirm this entry. If we see this in the market then I have seen below an example of what can happen in the market and how the uptrend market can go, I have given an example through an image below. Then you can easily understand how to trade in such a candlestick market.

_{Image Design From Adobe illustrator}

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Many thanks to everyone for reading this post carefully

𒆜🆃🅷🅰🅽🅺 🅴🆅🅴🆁🆈🅾🅽🅴𒆜

@kawsar