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    Agrawal Technical Analysis Gurukul: First Learn Than Earn .

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    vvpvarun
    The document discusses a bearish candlestick reversal pattern called "dark cloud cover" where the first candle is a large bullish candle and the second candle gaps up but is bearish and closes below 50-75% of the first candle's range, indicating a potential trend reversal. It provides conditions for the pattern being most effective in an uptrend and defines the sell rate, stop loss, point value, and target for a potential short trade based on this pattern.

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    Agrawal Technical Analysis Gurukul: First Learn Than Earn .

    Uploaded by

    vvpvarun
    103 views4 pages
    The document discusses a bearish candlestick reversal pattern called "dark cloud cover" where the first candle is a large bullish candle and the second candle gaps up but is bearish and closes below 50-75% of the first candle's range, indicating a potential trend reversal. It provides conditions for the pattern being most effective in an uptrend and defines the sell rate, stop loss, point value, and target for a potential short trade based on this pattern.

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    DARK CLOUD COVER

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    The document discusses a bearish candlestick reversal pattern called "dark cloud cover" where the first candle is a large bullish candle and the second candle gaps up but is bearish and closes below 50-75% of the first candle's range, indicating a potential trend reversal. It provides conditions for the pattern being most effective in an uptrend and defines the sell rate, stop loss, point value, and target for a potential short trade based on this pattern.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    103 views4 pages

    Agrawal Technical Analysis Gurukul: First Learn Than Earn .

    Uploaded by

    vvpvarun
    The document discusses a bearish candlestick reversal pattern called "dark cloud cover" where the first candle is a large bullish candle and the second candle gaps up but is bearish and closes below 50-75% of the first candle's range, indicating a potential trend reversal. It provides conditions for the pattern being most effective in an uptrend and defines the sell rate, stop loss, point value, and target for a potential short trade based on this pattern.

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    © All Rights Reserved
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    AGRAWAL TECHNICAL

    ANALYSIS GURUKUL
    FIRST LEARN THAN EARN…..

    Visit: www.agrawalcorporate.com Call: +91-9708094321


    DARK CLOUD COVER

    2 CANDLESTICK PATTERN:
    1ST CANDLE BIG BULLISH CANDLE.
    2ND CANDLE BEARISH CANDLE GAP UP
    OPEN SHOULD CLOSE BELOW 50-75%
    OF 1ST CANDLE.

    CONDITION-BEST AT UPTREND
    CANDLE’S SHADOW SMALL.

    BEARISH CANDLESTICK REVERSAL


    PATTERN. SELL RATE= 2ND DAY LOW BELOW

    SL= 2ND DAY HIGH ABOVE

    POINT VALUE= 2ND DAY HIGH-LOW

    TARGET=SELL RATE - POINT VALUE

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