PATTERN: Reversal

TREND: Bullish

RELIABILITY:Moderate


 How to Identify it :
·  First day is a long black day

·  Second day is a white day with an open below previous days low

·  Second days close is within but above the midpoint of the first days body

What it Means:

In a downtrend the market gaps open, but rallies strong to close above the previous days

midpoint. This pattern suggests an opportunity for the bulls to enter the market and

support the trend reversal. The Piercing Line pattern is the opposite of the Dark Cloud

Cover.