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Bearish: Dark Cloud Cover Piercing Pattern
Bearish: Dark Cloud Cover Piercing Pattern
Candlestick Patterns
Piercing Pattern (Bullish)
Dark Cloud cover (Bearish)
- Comes after downtrend.
- Comes after uptrend. - First day strong black body.
- First day strong white body. - Second day open low and closes 50% of first day body.
- Second day open high and closes 50% of first day body.
- Not so significant pattern as compare to hammer, - Strong reversal happen when this pattern
Hanging man or engulfing pattern. forms.
- It can suggest trend change for some days. - Harami cross more significant than regulalr
harami pattern.
Bearish/Bullish HARAMI
Bearish/Bullish HARAMI CROSS
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BELT-HOLD Pattern Upside Gap Two Crow (Bearish) Counterattack Line (Bearish)
- Single candlestick pattern can be black or white. - Two candlestick pattern. - Two candlestick pattern.
- Longer the height of belt-hold candlestick line the more significant it - Prior trend is up. - First candle must be bullish.
becomes. - Next bearish candle open up. - Second candle must be bearish.
- Next day candle open up but can not - Both candle have same close.
resist at high and become bearish
candle.
Bullish Belt-hold -
- Bullish shaven bottom for bullish.
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Bearish Belt-hold -
- black opening shaven head for bearish.
- Two or more than three candlestick pattern. - Two or more than three
- First candle bullish candle then next small candle of any color but mostly candlestick pattern.
black candle makes harami within first candle's shadow. - First candle Bearish candle then
- Next day bullish candle form above last candle's open and closes above first next small candle of any color
day's bullish candle. but mostly white candle makes
harami within first candle's
shadow.
- Next day bearish candle form
below last candle's open and
- closes below first day's bearish
candle.
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- If second or third or only third candle shows sign of weakness then it is advance block pattern.
Avoid long position.
- Sign of weakness is small white candle with long upper shadow.
- If last two candle long white followed by small white candle is known as stalled pattern. It's time
to long for more profit.
- Advance block and stalled pattern are not reversal pattern but shows sell cover/change in trend in
order to make consequential highs.
- It is more bearish than shooting star. - It has long lower shadow small real boddy at bottom
- No real body in gravestone doji like shooting star have. known as LongLegged Doji.
- Long lower shadow. - If upper and lower shadow are long with small real
- Have same open and close for a day/timeframe. body at middle than it is known as Rickshaw-Man Doji.
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