Bearish Dark Cloud

Bearish Dark Cloud, as the word indicate a bear means downtrend. It indicated that a particular stock will start to drop from today. Bearish Dark Cloud Cover showing with the last two candles of long white then accompany with black candle fall more than the mid of white candle. This reliability is high means strong indication there is a reversal point from upward to downward. However, it needs one confirmation for tomorrow, if tomorrow is black candle then confirm drop.

This signal indication showing an upward point for a few days then suddenly cover by black cloud more than half of the previous white candle. And it means red alert for particular stock or high level of reliability.

This pattern shown on PGAS stock today as the stock yesterday showing a white and being cover by black candle or dark cloud more than half of yesterday white cloud. Additionally PGAS stock within its trendline of support then if drop tomorrow, it means dark cloud covering and will bearish, which is also a break from support and will continue to drop from trend line. Two technical will confirm it will be bad for the day and produce downtrend. However, if tomorrow stock rebound, it will at least clear the dark cloud and continue at its support trend line and will produce bullish than bearish. (Look at the chart below for better picture)

All the best from learning technical today so lets hope bandar, terroris, and mafia will lift it up from darkness. I am William Chen for smart traders and investors, lets learn the most skills in life... All the best Will I Am Chen... GBU