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Every trader or investor has a simple question. Should I buy today? Or sell? What will prices be tomorrow, next week, or next year? Trading would be very easy if we knew the answers to these seemingly simple questions.
As described earlier, there are 2 ways commonly used by a trader to analyze stocks or other financial instruments. One is Fundamental Analysis and the other is Technical Analysis. Read this article to find out more about the differences of thesetwo basic methodologies
Read more: The differences between Fundamental Analysis and Technical Analysis
Each trader hopes to score gains from stocks, forex, commodities, options or maybe indices. As a trader, you should think twice before opening any position. Should I buy today? Or sell? That's why you need analysis before taking any action. One option is to use Technical Analysis.
Dark Cloud Cover candlestick signals bearish reversal. This pattern characterized by 2 candles. One is white candle, and the other is black candle. This candle pattern is similar to Bearish Engulfing. The difference is in Bearish Engulfing the black candle covers whole white candle body. Meanwhile in Dark Cloud Cover, the black candle only covers half of white candle body. Reversal signal created from this candle has medium strength.
Piercing candlestick signals bullish reversal. This pattern characterized by 2 candles. One is black candle, and the other is white candle. This candle pattern is similar to Bullish Engulfing. The difference is in Bullish Engulfing the white candle covers whole black candle body. Meanwhile in Piercing, the white candle only covers half of black candle body. Reversal signal created from this candle has medium strength.
Bearish Engulfing candlestick signals bearish reversal. This pattern characterized by 2 candles. One is black candle, and the other is white candle. The white candle has longer body and covering all the first candle body. Reversal signal created from this candle is strong. Most of the times, when this candle appears, the reversal will soon going on.
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