Piercing Pattern – Bullish Reversal Signal 📈

📊 The Piercing Pattern is a reliable bullish reversal signal that appears at the bottom of a downtrend. ✅ Formation (2 candles): 1️⃣ Long bearish candle in a downtrend. 2️⃣ Bullish candle that opens below the previous low but closes above the midpoint of the first candle. ✅ Meaning: Sellers lose control and buyers start dominating → reversal possible. 📌 Example: Stock falls ₹420 → ₹390, next candle opens ₹385 and closes ₹405 (above midpoint ₹405) → Piercing Pattern → bullish reversal likely. 🧠 Rule: Accuracy increases if the 2nd candle closes near the high and volume is high.