Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

How to indicate Piercing Line:

  • black candlestick is long and indicates a continuation of a downtrend;
  • white candlestick opens below the previous day low, i.e. below the previous candlestick;
  • white candlestick closes inside the black one, but above the midpoint of a particular price range.

Pattern’s flexibility and psychology

A black candlestick is formed in case of a downtrend and follows the market’s movement. A gap down, which occurs when next candlestick is forming, supports a downward movement. At the same time, the price is rising, and the white candlestick closes far above the black one.

The white candlestick determines a closing price slightly higher than the midpoint of the price range of the previous black candlestick. It is a sign that the price has reached the bottom of a downtrend.

The second white candlestick must close slightly higher than a midpoint of the price range of the previous black candlestick. Otherwise, it is better to wait for a signal that confirms a bullish trend.

Pattern scenario

When analyzing the Piercing Line pattern, traders should look for the Paper Umbrella or Hammer lines which indicate a trend reversal. Sometimes, one candle penetrates into the body of another. In this case, the first one maintains the bullish character.

The piercing candle is also similar to the Thrusting Line continuation pattern as well as to such candle patterns as In Neck Line and On Neck Line.

Piercing Line (Kirikomi)


Back to the list