What's a Dark Cloud Cover Candlestick in XAUUSD?
What Does Doji Candlestick Mean? - Doji Candle Definition
Dark Cloud Cover candle-stick pattern is the Opposite of piercing candle candles pattern setup.
This candle candle-sticks pattern setup is a long white body followed by a long black body.
The black body pierces the mid point of previous white body.
Dark Cloud Cover candle-sticks pattern setup is a bearish reversal pattern setup which forms at the tops of an up-ward trend.
Dark Cloud Cover candlesticks pattern setup highlights that market opens higher and closes below the midpoint of the white body.
Dark Cloud Cover candles pattern setup highlights that momentum of the up trend is reducing and the market trend is likely to reverse and move in a downwards direction.
Dark Cloud Cover candlesticks pattern setup is shown referred to as a cloud cover signifying the cloud as a ceiling for the price up-ward trend.
What's Dark Cloud Cover Candlestick in XAUUSD? - Dark Cloud Cover Candlestick Pattern
Technical Analysis Dark Cloud Cover Candlestick Pattern - Candlestick Pattern
A sell signal is confirmed once price closes below the neck line this is the opening of the candle-stick on the left of this Dark Cloud Cover candle.
Dark Cloud Cover Candlestick is a bearish candlesticks pattern setup & price should continue moving downward & for one who puts a sell trade should put a stop loss order just above the highest price level.
