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Candle - Piercing Line
A bullish two day reversal pattern. The first day, in a downtrend, is a long black day.
The next day opens at a new low, then closes above the midpoint of the body of the first day.

Candle - Piercing Line

If(C-OPEN>(Mov(Abs(OPEN-C),10,S)), {long white}
If(Ref(OPEN-C,-1)>(Mov(Abs(OPEN-C),10,S)), {long black}
If(C>Ref(C,-1),If(C<Ref(OPEN,-1), {close inside previous body}
If(Ref(Abs((OPEN+C)/2),-1)<Ref(Mov(C,10,E),-1), {down trend}


Source / From: TOP

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