What's a Dark Cloud Cover Candlestick in Forex? - Cloud Cover Candlesticks
What Does Doji Candlestick Mean? - Doji Candlestick Meaning
Dark Cloud candle pattern is the Opposite of the piercing candles pattern.
This candle-sticks pattern is a long white body followed by a long black body.
Black body pierces the mid point of the prior white body.
Dark Cloud candlesticks pattern is a bearish reversal pattern which occurs at the top of an uptrend.
Dark Cloud candles pattern displays that market opens higher & closes below the midpoint of the white body.
Dark Cloud candles pattern displays that momentum of the uptrend is reducing and the market trend is likely to reverse & move in a downwards direction.
Dark Cloud candles pattern is pictured known as a cloud cover signifying the cloud as a ceiling for the currency price upwards trend.
What is Dark Cloud Cover Candlestick in Forex? - Dark Cloud Cover Trading Candlestick Setup - Candles Pattern
Technical Analysis Dark Cloud Cover Candle Pattern - Candlesticks Pattern
A sell signal is confirmed once price closes below the neckline which is the opening of the candlestick on the left of this Dark Cloud Cover Candlestick.
Dark Cloud Candlestick is a bearish candle-sticks pattern setup and price should continue heading downwards & for a trader who puts a sell trade should put a stop loss order just above the highest price level.
What is a Trading Plan? - Writing a Trading Plan Example
Alternatives: EA Automated Robots or Copier Trading Signals
