Dark Cloud & Piercing Line Candlestick

Dark Cloud Candlestick:

• is reversal pattern followed by uptrend.
• Stock opens with gap up and closes below the midpoint of previous bullish candle.
• Must have closing price within the price range of the previous day.

 

Piercing line candlestick:

• is opposite to Dark cloud
• is followed by downtrend and is bullish pattern.
• Stocks opens with gap down and closes above the midpoint of previous bearish candle.
• Must have the closing price within the price range of the previous day.

 These patterns are mostly found in daily and weekly charts and are strong candlestick patterns.