C PierceLine DkCloud: Difference between revisions
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(Created page with "=== Definition === The C_PierceLine_DkCloud indicator identifies the occurrence of two candlestick patterns: Piercing Line and Dark Cloud, and marks the bars with these patt...") |
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The C_PierceLine_DkCloud indicator identifies the occurrence of two candlestick patterns: Piercing Line and Dark Cloud, and marks the bars with these patterns. <br> | The C_PierceLine_DkCloud indicator identifies the occurrence of two candlestick patterns: Piercing Line and Dark Cloud, and marks the bars with these patterns. <br> | ||
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The Piercing Line is a two-candle bullish reversal pattern occurring in downtrends. The Piercing Line pattern is composed of two candles: <br> | |||
The Piercing Line is a two-candle bullish reversal pattern occurring in downtrends. | |||
The Piercing Line pattern is composed of two candles: <br> | |||
1. a red candle;<br> | 1. a red candle;<br> | ||
2. a long green candle that opens below the Low of the previous red candle and closes above half of the red candle's real body;<br> | 2. a long green candle that opens below the Low of the previous red candle and closes above half of the red candle's real body;<br> | ||
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The Dark Cloud is a bearish reversal candlestick pattern occuring in uptrends that is also composed of two candles:<br> | The Dark Cloud is a bearish reversal candlestick pattern occuring in uptrends that is also composed of two candles:<br> | ||
1. a green candle;<br> | 1. a green candle;<br> |