What Happens in Gold after a Dark Cloud Cover Candle Sticks Pattern?

Dark Cloud candle pattern is the Opposite of the piercing candle candlesticks pattern.

Dark Cloud candle-stick candle-sticks pattern setup is a long white body followed by a long black body.

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

Dark Cloud candles setup is a bearish reversal pattern that forms at the top of an upward trend.

Dark Cloud candle-sticks pattern setup highlights that the market opens higher & closes below the mid-point of the white body.

Dark Cloud candle-sticks pattern highlights that the momentum of the up trend is reducing & the price trend is likely to reverse and move in a downwards direction.

Dark Cloud candles pattern is illustrated known as a cloud cover signifying the cloud as a ceiling for price upwards trend.

What Happens after a XAUUSD Dark Cloud Cover Candlesticks Setup?

What Happens in Gold after a Dark Cloud Cover Candlesticks Pattern? - Dark Cloud Bearish Candlesticks Pattern

Analysis Dark Cloud Cover Candlestick Pattern

A bearish reversal sell signal is confirmed once price closes below the neck-line which is the opening of the candlestick on the left of this Dark Cloud Cover candlestick.

Dark Cloud Candlestick is a bearish candlesticks pattern and price should continue moving down-ward and for one who puts a sell trade should also put a stop loss order just above highest price level.

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What Happens in Gold after a Dark Cloud Cover Candle Sticks Pattern?