$SPACE nice bullish recovery in play, but as we are approaching this hourly resistance level, bulls are already showing weakness so watch closely bears can jump any time soon... I am currently also watching $INIT $UMA
The Piercing Line is a two-candlestick reversal pattern that appears after a decline.
It develops as follows: • A strong bearish candle • A bullish candle that opens below the previous close • Then closes above the midpoint (50%) of that bearish candle
What it tells us:
Sellers initially maintain control, pushing price lower at the open. However, buyers respond with strength and recover more than half of the prior loss.
This shift in momentum signals a potential bullish reversal — indicating that demand is increasing and the downtrend may be losing strength.
The Morning Star is a three-candlestick reversal pattern that often marks the transition from a downtrend to an uptrend.
It forms in three steps: • A strong bearish candle • A small-bodied candle (bullish or bearish), showing hesitation • A strong bullish candle closing upward
What it signals:
This structure reflects a shift in control. Selling pressure begins to weaken, momentum slows, and buyers step in with strength.
When confirmed, the Morning Star indicates that sellers are losing dominance and buyers are starting to drive the market higher.
It forms with: • A small real body • A long lower shadow (wick)
What it tells us:
When the market is in a downtrend and a Hammer appears, it signals potential strength building underneath. Sellers pushed price down, but buyers stepped in aggressively and drove it back up.
This shift suggests that buying pressure is increasing — and the price may be preparing for a move higher.