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In candlestick charting, a pattern where a black candlestick follows a long white candlestick. It can be an indication of a future bearish trend.
Candle - Dark Cloud Cover
If(Ref(C-OPEN,-1)>(Mov(Abs(OPEN-C),10,S)), {long white}
If(C<Ref(C,-1),If(C>Ref(OPEN,-1), {close within previous body}...
The engulfing pattern is a strong reversal signal, especially after a prolonged trend. Only the real body is important in this formation; shadows are virtually ignored.
Candle - Engulfing - Bearish
If(Ref(OPEN,-1)<Ref(C,-1),
If(OPEN-C>(Mov(Abs(OPEN-C),10,S)),
If(C<Ref(OPEN,-1)...
The engulfing pattern is a strong reversal signal, especially after a prolonged trend. Only the real body is important in this formation; shadows are virtually ignored.
Candle - Engulfing - Bullish
If(Ref(OPEN,-1)>Ref(C,-1),
If(C-OPEN>(Mov(Abs(OPEN-C),10,S)),
If(C>Ref(OPEN,-1)...