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Piercingline

Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart)Impact of yesterday’s Piercing Bar (Gold/USD 1D Chart) 1. Price Action & Candlestick Pattern Analysis • The Piercing Line pattern on the daily chart is typically a bullish reversal signal, appearing after a downtrend. • However, today’s strong bearish follow-through (big red candle) invalidates the bullish intent of the pattern. This signals weakness in buyers’ strength. 2. Volume Spread Analysis (VSA) & Market Sentiment • Volume change is negative (-5.8%) with an increase in spread (74.95%), which means there’s a wider price range with less participation—suggesting weakness in demand. • Weak buying pressure across lower timeframes (1H, 4H, 8H) confirms that any bounce is likely to be short-lived. 3. Support & Resistance Zones • Key resistance at 2,956-2,972 (VWAP Upper Band & Liquidity High) acted as a rejection zone. • Key support at 2,888-2,891 (VWAP & VSA Liquidity Low). This is the level to watch for potential breakdown. 4. Momentum & Trend Analysis • The bearish momentum is strong across multiple timeframes (1H, 4H, 8H). • Price failed to hold above 2,932 VWAP, confirming further downside risk. 5. Order Flow & Market Strength • Negative Delta on footprint charts shows that sellers are dominating order flow. • Absorption at 2,899-2,900 suggests smart money is still distributing, not accumulating. Outlook & Trading Plan Bias: Bearish Outlook (Short Continuation Expected) • Entry: Sell Below 2,891 (Breakdown confirmation) • Stop Loss: 2,920 (Above rejection zone) • Take Profit 1: 2,863 (Liquidity Low) • Take Profit 2: 2,850-2,810 (VWAP Lower Band zones) • Confidence Level: 75% Justification for Trade: • The Piercing Line failed to reverse trend. • VWAP breakdown & weak volume structure confirm bearish continuation. • Momentum remains bearish, with weak demand signals. 👉 Conclusion: Gold remains bearish unless bulls reclaim 2,932-2,956. Short positions favored on breakdown.
FX:XAUUSDShort
by ICHIMOKUontheNILE
Why the Piercing Line Failed to Reverse the Trend?Why the Piercing Line Failed to Reverse the Trend? A Piercing Line pattern is a bullish reversal signal that appears after a downtrend. However, this pattern failed to reverse the bearish trend in today’s price action due to the following key reasons: 1. Lack of Follow-Through Buying • A strong Piercing Line requires the next candle to be bullish, closing above the previous day’s high, confirming a shift in momentum. • Instead, today’s candle is a strong bearish engulfing bar, completely wiping out the bullish intent. This shows sellers overpowered buyers immediately. 2. Rejection at Key Resistance (Supply Zone) • The price attempted to push higher but got rejected at 2,956-2,972 (VWAP Upper Band & VSA Resistance). • Liquidity absorption at this level suggests smart money selling into strength, not accumulation. 3. Weak Volume Confirmation • A strong Piercing Line should come with increasing volume, indicating strong buying pressure. • Volume was weak (-5.8%), meaning there was no real commitment from buyers. • A spread increase (+74.95%) without volume support suggests a liquidity grab rather than true demand. 4. Order Flow Shows More Aggressive Selling • Delta is negative, indicating more market sells than buys. • The footprint chart shows large sell orders dominating, meaning big players are still offloading. 5. Bearish Momentum Dominates Lower Timeframes • 1H, 4H, and 8H charts show bearish continuation patterns with price breaking key VWAP levels. • No higher highs or strong demand zones were created, meaning bulls are not defending. Conclusion: No Bullish Confirmation → Bearish Continuation A Piercing Line is only valid if buyers sustain momentum. Since today’s session completely erased the bullish signal, this is a failed reversal and more downside is expected. Trade Plan (Bearish Bias) • Sell Below: 2,891 • Stop Loss: 2,920 • Target 1: 2,863 • Target 2: 2,850-2,810 👉 Key Takeaway: Price action alone is not enough. Volume, order flow, and momentum must align for a true reversal.
FX:XAUUSDShort
by ICHIMOKUontheNILE
Thanksgiving Thoughts on SPXHoliday Idea: I spy a two bar pattern for the last two weeks; Piercing Candlestick Pattern. A slight pullback may be possible. Above this week's close, I will target the previous week's open/high. A caution is that I see this on the weekly chart near ATH. A flip would be a break and close below last week's candle (5850). If we gap down Monday due to the location of that close, I'll wait to see if we get back above 5850. So I'm resting and betting on my understanding. Google Homework: piercing line candlestick pattern
SP:SPXLong
by mommymiles
TLT: Piercing Line on the Quarterly Chart Signaling Lower YieldsTLT (The 20-Year US Treasury Bond ETF) has recently completed the measured move of the Ascending Broadening Wedge Breakdown and has now confirmed a Piercing Line on the 3-Month Chart while closing above the 0.886 Retrace. We can also see that the RSI has begun to break out of its downtrend and these combinations of variables seem to point towards the TLT reversing the overall downtrend which could lead to a major move up towards the 50-61.8% retraces between $130 and $143 this would come with bond yields falling off significantly and may also be a sign of investors seeking safer investments over the coming months.
NASDAQ:TLTLong
by RizeSenpai
1
SLV: Bullish Head and Shoulders and Piercing Line on the WeeklyThere is a Bullish Inverted Head and Shoulders with a Piercing Line on the potential Right Shoulder visible on the weekly timeframe above the 800-week EMA who's measured move would take it all the way up to the 1.272 Fibonacci Extension if the pattern plays out. The move up in SLV should be supported by the rising of the TLT and Falling of Yields (if that trend should continue). I will be getting the ITM Calls, expiring April 19th.
AMEX:SLVLong
by RizeSenpai
BOIL: Piercing Line Bullish Reversal Visible on Weekly at 1.618BOIL; The 3x Bullish proxy for Natural Gas is showing Bullish Divergence at a 1.618 Fibonacci Extension after confirming a Piercing Line on the Weekly Timeframe at said level. If it plays out i think BOIL could come back up to fill some gaps, meet the moving averages, and see anywhere from a 200%-700% rise. I do however think USOIL will see a decline and that the two will move in opposing directions for awhile as that is something that they they tend to do. As a side note we also have a Daily Bullish 3 White Soldiers on Natural Gas itself as well as a Bullish Shark that can be seen here:
AMEX:BOILLong
by RizeSenpai
2
DOGEUSD: Piercing Line Hidden Bullish Divergence on the DailyDogecoin has one more chance to pivot from these levels, if it doesn't then it will likely come back down to test 7.2 cents but for now we have hope of a pivot to complete the potential Bullish BAMM to 14.8 Cents as we are holding above all the Moving Averages and just half an hour ago we confirmed a Piercing Line Daily Candle Close while showing Hidden Bullish Divergence. If doge can continue the momentum into tomorrow we will have a confirmed Bullish MACD crossing and that should hopefully be a sign that doge is ready to test the highs.
Long
by RizeSenpai
UBER: A bullish reversal pattern! Will it REVERSE?• UBER is reacting today, however, this reaction alone is not good enough to characterize a true bullish reversal; • Today it is doing a Piercing Line candlestick pattern just above the previous support at $27.10 (black line) – a bullish reversal structure; • Although this is a decent reaction, it seems it is too soon to tell if this reaction will last long enough. As far as I know, the trend is still bearish, and UBER is heading to fill the last gap at $24.62; • In addition, UBER did a Double Top chart pattern at $33.78, which indicates more sell-off in the mid-term; • Could UBER perform a better reversal sign? Yes, but it must not frustrate this Piercing Line candlestick pattern (meaning, it must not lose yesterday’s low at $26), and it must close above the $27.69 (dotted line); • Why above the $27.69? By doing this, it’ll frustrate the Double Top chart pattern I mentioned above. This point is the previous bottom seen on September/August and the trigger point of this Double Top; • Only if UBER does both things I’ll see a recover to the $33 again (mid-term). The volume must increase as well, as it has been quite low recently. I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
NYSE:UBER
by Nathan_The_Finance_Hydra
SPX: Still in a "danger zone"! What to expect next?Hello traders and investors! Let’s see how the SPX is doing today! First, the index is still in our “danger zone”, and the trend is still bearish. As long as it keeps doing lower highs/lows, nothing will change, and the SPX will just seek its next support levels. The 21 ema, along with the resistance at 4,456 did a very competent job holding the price, as we expected in our previous study, yesterday: Now, we are in a similar position again. Although there’s no clear resistance for us, we still have the 21 ema, which seems to be working again as a resistance today. However, I’ll still believe the 4,456 is more important resistance to break. The daily chart is looking interesting right now. Yes, we see a bullish candlestick pattern (to me it is a Piercing Line pattern), just above the support level at the 50% retracement. This is a buy sign, however, we don’t have any confirmation yet, so it is still a delicate situation. If the index triggers this Piercing Line, we could finally escape from the “danger zone” and reverse the short-term bear trend. However, it must not lose the 50% retracement, otherwise, the 61.8% is our next stop. The plot thickens and soon the index will have to do something interesting, either bullish or bearish. Let’s just keep in mind the patterns and key points mentioned in this analysis to guide us from here. I’ll keep you guys updated on this, so remember to follow me to keep in touch with my daily analyses!
SP:SPX
by Nathan_The_Finance_Hydra
5
SPX: I told you to BUY amid PANIC.Hello traders and investors! The SPX is going up more than 2% today, which is not surprising at all to us, as we already identified yesterday that it was the moment to buy. But what about those who missed the opportunity? Many investors freeze in days like yesterday, and don’t have the guts to act. Is it now too late to buy? We’ll see. First, in the 1h chart, we identified the Exhaustion Gap and the pivot point the index did. Now, we are trading above the 21 ema, and it seems nothing can stop the SPX. In my view, yes, it is too late to buy, and a pullback to the 21 ema would be a healthy and normal movement. Only after a pullback, I would see another opportunity to buy again. Remember: Buy near supports, sell near resistances. The target for this bullish movement is the Breakaway Gap, at 4,472, and only if we see a clear bearish structure the bullish bias will be ruined. So far, not a clear bearish structure. In the daily chart we see a Piercing Line candlestick pattern yesterday, which was triggered today, reinforcing the bullish momentum, however, the 21 ema is the next resistance. In my view, we must pay attention to top signs in the 1h chart for now, and when it gets closer to the 21 ema in the daily chart. Then we’ll see how to proceed. Any top sign in the 1h chart might be an excuse to book profits, but pullbacks are desirable, as long as they don’t ruin the bullish configuration. I still see plenty of opportunities around, as I mentioned yesterday, and although it is too late to buy SPX now, many stocks are looking incredible. Regardless of the scenario we are in, it is always possible to make money. If you missed my previous analysis, the link to it is below as usual. I’ll keep you guys updated every day on this, so remember to follow me to keep in touch with my studies.
SP:SPX
by Nathan_The_Finance_Hydra
14
TSLA: Will it be a BUY again or is it too late now?Hello traders and investors! TSLA is doing exactly what we were expecting, and we see some good signs around today. In my last study, we identified an opportunity to buy TSLA, and in this post we'll continue the study and update some key points. In the daily chart, we see that TSLA just did a brief retest of the $ 710 support area and it is bouncing back up nicely. What’s more, TSLA closed above the $ 792 and it did a candlestick pattern called Piercing Line, a bullish reversal pattern. Today, TSLA is triggering the pattern, confirming our previous thoughts that it would go up today. The next resistance on TSLA is the 21 ema in the daily chart. In the 1h chart, TSLA is breaking the 21 ema, and the volume increased a lot. These signs confirm a bottom for now, however I would be happier to see TSLA doing a clearer bullish structure. Honestly, I would like to see it dropping at $ 750 again, and if this happens, it'll be a buy again. It must not drop below this point, though, otherwise it might frustrate the possible reversal. Since we lack stronger signs, the idea of a Dead Cat Bounce still haunts some investors. As I’ve been telling you guys, I don’t think it is the time to sell or short, as the good moment to do it was at $ 1,200, when the R/R ratio was very good. Now is the time to buy, as I mentioned in my previous analysis yesterday, as crazy as this sounds. The link to my last post is below, if you are curious. To me, drops like this are just opportunities to take advantage of the panic. I’ll keep you guys updated every day on this, therefore, follow miss to not miss any of my future analyses.
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
3
AMZN: You must pay attention to these signs! Scenarios for AMZN.Hello traders and investors! Let’s see how AMZN is doing today! First, in the 1h chart, we see a bear trend. It is under the 21 ema, doing lower highs/lows. However, the situation is more complex than it looks. It seems AMZN is trying to react, and if it does, it could break the $ 3,169, which is a clear pivot point. This would trigger a bullish structure on AMZN that could reverse the short-term bearish momentum, following the mid-term momentum in the daily chart: The pivot point in the 1h chart is today’s high, and today AMZN is doing a bullish candlestick pattern called Piercing Line, a strong bullish reversal pattern, that could make AMZN easily seek the $ 3,270s area again, if triggered. What’s more this pattern appeared just above the 21 ema in the daily chart, making it a possible reversal pattern. The only thing missing is confirmation – AMZN must break the $ 3,169 in order to trigger both bullish reversal patterns, which are highly correlated. This situation is quite curious, because when we see dual confirmation in multiple time-frames it usually gives us more confidence. But, what if AMZN fails to trigger this point? If it resumes the bear trend, the next support would be the gap area at $ 2,884, and it’ll officially reject the bullish structure if it loses today’s low. Or now, we must wait for more confirmation. I’ll keep you guys updated, so, remember to follow me to keep in touch with my daily analyses! Have a good day.
NASDAQ:AMZN
by Nathan_The_Finance_Hydra
14
Piercing Line Suggesting 10yr Yields Will Move Up Towards 2.6%Many weeks ago we were at the bottom of a daily broadening wedge and the target for a breakout was at around 1.78% now we have made substantial further progress in reaching that target of 1.78 as we have bounced from the bottom of the wedge at 1.12% all the way to 1.7% before we had a minor pullback. The current situation now is that the Daily after pulling back has tested the resistance of the Daily wedge as new support and the bullish weekly candle has engulfed around 80% of the previous bearish candle thereby creating a perfect situation for a Piercing Line setup. I believe that we will attempt to rally past the B point on my chart Trigger an ABCD BAMM response and from there go all the way up to where D is before reversing or consolidating and i suspect that during this time the DXY will also be going up with it.
TVC:US10YLong
by RizeSenpai
NIO: Will it reverse the trend? Let's see.Hello traders and investors! Let’s see how NIO is doing today! Since our last analysis, NIO dropped sharply, frustrating the bullish bias seen in the short-term. However, the drop was perfectly controlled, as the price just found its support again, at the black line around $ 36.68. Now the challenge is to climb all the way back to the $ 40.59 and fill the last gap, as this will put an end to the bearish sentiment this Island Reversal is causing on NIO. The daily chart looks just ok. We have no amazing bullish signs, but nothing is telling us that it’ll drop now. On the bright side, we had a Hammer candlestick pattern yesterday, just after it hit the support level. The problem is the 21 ema , which is holding the price today. I see that NIO is doing well, and since it just hit the support level, it looks more bullish than bearish to me, but we must wait for more confirmation signs. The Piercing Line pattern in the 1h chart was a good start, but if we see another bullish pattern, it’ll confirm a mid-term reversal, maybe to the $ 46 again. If you liked this analysis, remember to follow me to keep in touch with my daily updates, and please, support this idea if it helped you! Have a good day.
NYSE:NIO
by Nathan_The_Finance_Hydra
3