Technical_Analysis_page_425

Technical | Analysis page 425 | https://thedailydialectics.com/pdfs/economics/Technical_Analysis/Technical_Analysis.pdf

396 Part IV Chart Pattern Analysis r Top Bottom FIGURE 17.23 Candle engulfing pattern The opposite pattern, a piercing line pattern, would indicate market bottom. The piercing line follows the same rules as the dark cloud pattern, only in reverse. Both the dark cloud cover and piercing line…