Dark Cloud Cover Pattern in Stock Market

Indicators Used:

Auto Harmonic Pattern – V2Commodity Channel Index – CCI – length – 40Williams R%

Source:

Bullish Bat harmonic pattern With the bullish Bat pattern, it looks like a stretched-out “M”.The price rises, forming an X-to-A leg higher, then pulls back, retracing less than 0.618 of XA. Here, the ideal retracement...

Harmonic patterns can be used to spot new trading opportunities and pricing trends. Harmonic patterns are chart patterns that form part of a trading strategy – and they can help traders to spot pricing trends...

Support and resistance levels are price levels of utmost importance based on historical data and used by traders to identify where in the future the price movement may stall and reverse. Support A support point is the...

A trend defines a direction in market prices. When we refer to a trend, we mean a directional trend (formed by rising or declining prices), from which a trader can generate a profit, if using an appropriate trend...