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 does it work

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 bars high
• The second bar should close below the midpoint of the first bar

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.

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.

Any questions? Contact us.