Continue to understand the combination of candlestick patterns
Figure A shows two candlesticks in a downward trend. The first candle closes with a negative candle, and the second positive candlestick's body penetrates upward into the negative candlestick and closes inside the negative candlestick, which means that this positive candlestick pierces the previous downward trend. Therefore, this pattern is bullish in the future.
Figure B is just the opposite. The negative line forms a dark cloud covering the previous rising trend, so the outlook is bearish.
Bullish and Bearish Engulfing have more accurate predictions of the market outlook compared to the above Piercing and Dark Cloud Cover patterns.
Bullish and Bearish Counterattacks are two candlesticks with the same closing price in opposite directions. Compared with Bullish Piercing and Dark Cloud Cover, it does not have such a strong impact on the price trend in the future. However, it should still be taken seriously and attention should be paid to the reversal of the market.
