BULLISH PIERCING LINE & BEARISH DARK CLOUD COVER

 

BULLISH PIERCING LINE: A down candlestick in a downtrend, the second candlestick opens at a new low, with a gap down and closes more than halfway into the prior down body, the first candlestick is a normal or long down candlestick, the second candlestick opens well below the close of the first candlestick and close more than halfway into the prior down candlestick’s body, the close of the second candlestick must stay inside the body of the first candlestick. Prices must cross above the last close for confirmation.

BEARISH DARK CLOUD COVER: An up candlestick in an uptrend, the second candlestick opens at a new high, with a gap up and closes more than halfway into the prior up body, the first candlestick is a normal or long up candlestick, the second day open above the close of the first candlestick and close more than halfway into the prior up candlestick’s body, the close of the second candlestick must stay inside the body of the first candlestick. Prices must cross below the last close for confirmation.