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Dark Cloud Cover Stock Indices Candlestick Pattern - Bullish Stock Indices Candlestick Patterns and Bearish Stock Indices Candlestick Patterns - Piercing Line Candlesticks and Dark Cloud Cover candlesticks

Dark Cloud Cover Bearish Stock Indices Candlestick Patterns - Bullish Stock Indices Candlestick Patterns Tutorial and Bearish Stock Indices Candlestick Patterns Tutorial

 

A Piercing Line Stock Indices Candlestick Pattern and Dark Cloud Cover Stock Indices Candlestick Pattern look alike but the difference is that one occurs at the top of a Stock Indices Trading up stock indices trend (Cloud Cover) and the other occurs at the bottom of a downwards stock indices trend (Piercing).

 

Upward Stock Indices Trading Trend Reversal - Dark Cloud Cover Candlesticks

 

Downward Stock Indices Trading Trend Reversal - Piercing Line Candlesticks

 


Piercing Line Candlestick

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

 

The white body pierces the midpoint of the prior black body.

 

This is a bullish reversal stock indices pattern that occurs at the bottom of a market downward stock indices trend. It shows that the stock indices market opens lower and closes above the midpoint of the black body.

 

This shows that the momentum of the down stock indices trend is reducing and the stock indices market stock indices trend is likely to reverse and move in an upward direction.

 

This stock indices pattern is shown known as a piercing line signifying the stock indices market is piercing the bottom showing a market floor for the stock indices price downward trend.

 

Piercing Line candlestick Pattern

Piercing Line Candlestick

 

Technical Analysis Piercing Line Candlestick

A buy stock indices signal is confirmed once stock indices trading price closes above the neckline which is the opening of the candlestick on the left of the Piercing Line candlestick.

 

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

 

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Dark Cloud Cover Candlestick

 

Opposite of piercing candlestick.

 

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

 

The black body pierces the midpoint of the prior white body.

 

This is a bearish reversal stock indices pattern that occurs at the top of an upward stock indices trend.

 

It shows that the stock indices market opens higher and closes below the midpoint of the white body.

 

This shows that the momentum of the up stock indices trend is reducing and the stock indices market stock indices trend is likely to reverse and move in a downward direction.

 

This stock indices pattern is shown known as a cloud cover signifying the cloud as a ceiling for the stock indices price upward trend.

 

 

 

 

Dark Cloud Cover candlestick Pattern

 

Dark Cloud Cover Candlestick

 

 

Technical Analysis Dark Cloud Cover Candlestick

A sell stock indices signal is confirmed once stock indices trading price closes below the neckline which is the opening of the candlestick on the left of this candlestick.

 

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

 

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