The piercing line candlestick pattern signals a potential trend reversal after a downtrend. It forms when buyers step in at support levels, shifting market sentiment and pushing prices higher.

The bullish reversal patterns can further be confirmed through other means of traditional technical analysis—like trend lines, momentum, oscillators, or volume indicators—to reaffirm buying ...

A pennant is a pattern used in technical analysis described by a triangular flag shape that signals a continuation.