Dark Cloud Cover Silver Candlestick Pattern

Bullish Silver Candle Patterns and Bearish Silver Candlestick Patterns

A Piercing Line Silver Candlestick Pattern & Dark Cloud Cover XAGUSD Candle Pattern look alike but the difference is that one occurs at the top of a Silver up silver trend (Cloud Cover) and the other occurs at the bottom of a downwards silver trend (Piercing).

Upward Silver Trend Reversal - Dark Cloud Cover Candles

Downward Silver Trend Reversal - Piercing Line Candlesticks

Piercing Line Candlestick

Piercing line is a long black body followed by a long white body candlestick.

White body pierces the mid point of the prior black body.

This is a bullish reversal silver trading pattern that occurs at the bottom of a market downward silver trend. It shows that the xagusd trading market opens lower & closes above midpoint of the black body.

This shows that the momentum of the down silver trend is reducing & the xagusd trading market silver trend is likely to reverse & move in an upwards direction.

This silver trading pattern is displayed referred to as a piercing line signifying the xagusd trading market is piercing the bottom showing a market floor for xagusd price downward trading trend.

Piercing Line Candle

Technical Analysis Piercing Line Candle

A buy silver signal is confirmed once xagusd price closes above the neckline this is the opening of the candle on the left of the Piercing Line candlestick.

This is a bullish setup and xagusd price should continue moving upwards and for a trader who puts a buy silver trade should also place a stop loss silver trading order just below the lowest xagusd price level.

Dark Cloud Cover Candlestick

Opposite of piercing candle.

This candle is a long white body followed by a long black body.

Black body pierces the mid point of the prior white body.

This is a bearish reversal silver trading pattern that occurs at the top of an upwards silver trend.

It shows that the xagusd trading market opens higher & closes below the midpoint of the white body.

This shows that the momentum of the up silver trend is reducing & the xagusd trading market silver trend is likely to reverse and move in a downwards direction.

This silver trading pattern is shown known as a cloud cover signifying the cloud as a ceiling for the xagusd price upwards trend.

Dark Cloud Cover Candlestick

Technical Analysis Dark Cloud Cover Candle

A sell silver signal is confirmed once xagusd price closes below neckline which is the opening of the candle on the left of this candlestick.

This is a bearish setup and xagusd price should continue moving downwards and for a trader who puts a sell silver trade should also put a stop loss silver trading order just above the highest xagusd price level.