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

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

Dark Cloud candlesticks pattern setup formation is a long white body followed by a long black body.

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

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

Dark Cloud candles pattern setup formation shows the market opens higher and closes below the mid-point of the white body.

Dark Cloud candles pattern shows that the power of the up trend is reducing/decreasing and the trend is likely to reverse & move in a downwards direction.

Dark Cloud candlesticks pattern is illustrated and shown are referred to as a cloud cover signaling the cloud as a ceiling for the price upwards trend.

What Happens after a XAUUSD Dark Cloud Cover Candles Setup?

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

Analysis Dark Cloud Cover Candle Pattern

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

Dark Cloud Candlestick is a bearish candlesticks pattern & price should continue moving down-ward and for a trader who puts a sell trade position 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?