Dark Cloud Pattern for Beginners
ฝัง
- เผยแพร่เมื่อ 7 ก.พ. 2018
- The Dark Cloud is one of the more frequent patterns that can be found in charts. Trading expert David Jones deciphers its structure and meaning for us in this detailed video and shows it in real chart examples.
Unlike the Engulfing Candlestick pattern this combination of consecutive candlesticks is found a bit more often and are considered more unreliable. Traders look for these formations as confirmations of larger trends, especially if they are around price levels already identified as support or resistances.
David demonstrates the theory behind this pattern and showcases it in real chart examples that also have different levels of success.
Its equivalent pattern, perceived as a bullish signal - the piercing pattern - is also covered in this video. It is essentially the same pattern but this time the candles are oriented upwards and the second one covers the 50% price level of the previous one.
Have any questions or suggestions for future videos? Comment below and we’ll do our best to get back to you.
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Sir, you are a natural born professor. Congratulations on the great, not boring at all, very entertaining videos. Love your channel.
Please don't stop making videos, I have learned so much from your videos and I am forever grateful. Thank You.
i am watching from INDIA,,,, i am loving the way you are teaching
Sir you are my teacher from now on. Please keep making simple yet informative and beneficial videos. Nobody likes complicated videos that nobody really understands. You’re a star. I need to learn more. So I can develop a good strategy. Thank you so much. Thank you
This channel is like gold dust. Thank you so much for putting these videos together, they're fantastic!
Great Video. As a newbie this is very simple to understand. Keep up the goood work
Thank you David for being so clear and explaining in such a good way. Thank you!
If you guys could do more videos on patterns that would be so helpful!
Nicely presented!
Can you please explain Heikin-Ashi candlesticks? Why are they different?
what a nice video sir , keep on pls , youre really helping ^^
thanks again!
can this pattern be found in 1,5,10,15 min charts? or short time period charts in general?
Hi Dave I just started to trade after watching your videos which are really helpful. Can you upload more of these informative videos more than the ones where u review the markets please? If that's possible it would be great
Thanks for reaching out. Technical Analysis and charting videos are published every week. You may want to hit the alarm bell button after subscribing to the channel to never miss a new spot.
1:10 so the dark cloud cover signifies momentum lose? Also can this pattern be found in intraday trading ???
When will you make a video on intraday strategy??? I am waiting since the beginning of 2019!!
For it to fall under a dark cloud cover does it have to push through 50% of previous candle??
Would it be fair to say that dark cloud cover happens more on a less volatile chart whereas bear ish engulfing would be for more of a volatile high rate of changing chart?
Love the videos by the way!
THIS SI WATH WE NEED ;) more option please tnks again :)
TY frOm sLOVEnia!
Are there any actual courses i can do in Forex Trading? I love learning about forex trading and want to know more. Cheers
Thanks. Do they only work on day candels or on hourly as well ?
Hi Chris, like most of this stuff they are arguably more reliable on the longer-term time frames, but you will see this patterns on e.g. hourly charts as you mention.
is this pattern just for forex trading or can it also be used for stock trading?
Please make more videos 🙂
Please also make videos for morning and evening star candles
in piercing pattern does the bottom wick or the opening is required to be below the previous candle similarly for the dark cloud pattern does the opening or the upper wick is required to be above the previous candle???
Hi - for these patterns it is all about the body of the candle - so the difference between the open and close is what we are looking for - the wicks are not that important. Ideally the candle opens lower, and then pushed up to close past the 50% mark.
Actually there is no hard and fast rule for this.. But what you should notice is prior day candle.. Prior day candle needs to be strong to be reversed.. If prior day candle is a little one this pattern has very major chances to fail... And obviously these candles pattern should not be traded in isolation.. A support or resistance line around it will make it a real good pattern as I believe..
This sounds like a pattern that you could confirm with a Stochastic or RSI oscillator. What do you think?
2:33 this peircing pattern is a bullish reversal pattern, correct ??
Correct
Hi sir, which time frame is best for the candle stick. thanks
It is considered that bigger time frames on the chart provide more reliable trading signals.
what trading platform you are using?
Hi Jeffrey, the app is called Trading 212. Check it out at www.trading212.com - free Practice Mode with virtual money. A web app, as well as native mobile apps for iOS and Android, so your trades are always at your fingertips.
What’s the difference between these and tweezer tops/bottoms?
Hi tweezer tops and bottoms are more concerned with the "wicks" of the candles. So, two days where the highs are virtually identical could be a potential tweezers top.
What patterns do you prefer most and use in practise?
Hi, bullish and bearish engulfing, covered in this video here: th-cam.com/video/AKOfdPMQJe8/w-d-xo.html
I like your videos.... do you have telegram aswell?
Hi Mario, you may also follow Trading 212 on Facebook, Twitter and Instagram.
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Please explain voise coin
Hi
Many thanks for your nice video
I would ask you kindly if you make your accent more simple because some of us not native English
Thanks
I just wanted to ask something, its not in relation to this video. I have a challenge in putting a stop loss on an order. Yes I can put a stop loss on an open position but when I'm trying to put it on order I can't.
when you get time please assist. I think it will be better on a video.
thanks
This playlist should have some tips on how to do that: th-cam.com/video/-4dIZPhm0uo/w-d-xo.html
some of these examples look more like hangman patterns