Dark Cloud Cover Candlestick Pattern

Bullish Silver Candle Patterns and Bearish Silver Candle-stick Setup Patterns

A Piercing Line Silver Candle-stick Pattern & Dark Cloud Cover Candle Pattern look alike but the difference is that one occurs at the top of a Silver up trend (Cloud Cover) and the other occurs at the bottom of a downwards trend (Piercing).

Upward Trend Reversal - Dark Cloud Cover Candles

Downward Trend Reversal - Piercing Line Candlesticks

Piercing Line Candlestick

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

White body pierces the mid point of the prior black body.

This is a bullish reversal pattern setup that occurs at the bottom of a market down ward trend. It shows that the trading market opens lower & closes above midpoint of the black body.

This displays that the momentum of the down silver trend is reducing and the trading market trend is likely to reverse & move in an upwards direction.

This trading pattern is displayed referred to as a piercing line signifying the trading market is piercing the bottom showing a market floor for price downwards trend.

Piercing Line Candle

Technical Analysis Piercing Line Candle

A buy signal is confirmed once price closes above the neckline this is the opening of the candle on the left of the Piercing Line candlestick.

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

Dark Cloud Cover Candlestick

Opposite of piercing candle.

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

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

This is a bearish reversal pattern that occurs at the top of an upwards trend.

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

This displays that the momentum of the up trend is reducing and the trading market trend is likely to reverse & move in a downward direction.

This trading pattern is shown known as a cloud cover signifying the cloud as a ceiling for the price up-wards trend.

Dark Cloud Cover Candlestick

Technical Analysis Dark Cloud Cover Candle

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

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