TC2000 Bearish Piercing Candlestick Scan

Description

The TC2000 bearish piercing scan will return to you stocks that fit this classic candlestick reversal pattern definition.

How this screener works

There are lots of variations and interpretations of what makes up a bearish piercing pattern, so let’s be clear about what The Trade Risk’s looks for:

• 2-bar bearish reversal pattern
• The first bar is an above-average range bull candle
• The first bar should have a large real body
• The second bar should open above the first bar high
• The second bar should close below the midpoint of the first bar

Requirements

• An active TC2000 Premium or Premium+ subscription is required to use this scan

Scan features

• Purchase includes exact PCF code and setup instructions
• Purchase includes additional recommended scan criteria:
  • Average daily volume filter
  • Complimentary overbought filter
• Can be used on all versions of TC2000
• Can be used on any time-frame
• Can be combined with other criteria to improve accuracy

Add to cart

Please note: all sales are final. This is an instant digital download and you will receive the source code immediately upon purchase. We encourage you to contact us prior to check out if you have any questions about this scan or if you would like to see the latest stock results. Thank you for your understanding!

Bundle offer

Get a discount when you purchase this Bearish Piercing Candlestick Pattern Scan and its bull version equivalent in the Piercing Candlestick Scans Bundle package.