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Today I'm going to teach you about "Dark Cloud" and Piercing Pattern.The most important candlestick indicator and 90% traders have been using this to get more successful results.I strongly recommend you to go with this indicator to get more quickly and accurate outcome.
Let's just started.
What is "Dark Cloud" and how do we know when it appears?
Dark Cloud:
The Dark cloud pattern always found at the top or Resistance Level.As you can see the above picture the second candle let's consider it red candle is making higher up than the previous Green candle.when this indicator appears you need to sell that currency pair because this will change the investor sentiment in no time.
It's not necessary that first candle of Dark Cloud is Green one it might be Red also.Anyhow if Green candle appears it will have strong reaction.
You have to learn it's shape and be smart enough to recognize it when it appears.
Let me grab some more pictures here so you can better understand this scenario.
here you can see the first candle is at the top or Resistance level but the second one had made right at top or would make at least at bottom of the first candle. This method would apply to both Dark
Cloud & Piercing Pattern.
You could see the results.I got these pictures from my live account and I chose EUR/USD pair.
every time Dark Cloud appears it works and the currency pair falls down.
Now let's about Piercing Pattern which is just opposite to the Dark Cloud.
Piercing Pattern:
Piercing pattern always appears at the Support Level.let's see it's shape
As you could see above picture the second candle is the right bottom of the first candle and hence we can easily say it's piercing pattern
Now what we have to do is just to sell that particular currency pair and get ready for the Game.
Let'see some pictures
What we got here is Piercing Pattern and every time it appears you have the results above.









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