Forex Trading and Dark Cloud Cover

The speaker talks through a candlestick pattern known as the piercing line, which is a two candle reversal pattern.  The body of the first candle is green while the body of the second candles is white.  The open of the second day gaps lower than the close of the first body but closes well into the middle of the first body.

He then moves on to discuss the dark cloud cover which is a two candle reversal pattern with the first candle being a strong up day and the second candle gapping higher but closing down, below the middle of the first candle.  This is a bearish reversal pattern.  He then moves on to illustrating this pattern through a real example. 

Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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