Saturday, 2 January 2021

DARK CLOUD CANDLESTICK

 


✍This candlestick pattern forms at the top during the end of uptrend and indicates the trend reversal at the top.

✍The first bullish candle formation at the top and the second bearish candle is formed following that. 

✍The second day candle opening is gap up opening and the closing of the second candle is 50% or more than lower to first candle. 

✍The trade has to be taken on the third candle formation which is bearish.

✍The stop loss has to be taken on high of second candle.



✍As per shown in the above image the dark cloud cover candle has formed and the downtrend  begins after it.

✍The third opening gap down and the bearish closing is the confirmation of the trend reversal. 

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