Bearish piercing pattern also known as Dark Cloud Cover is a bearish reversal pattern & it’s location is important. It is very effective when spotted after a good rally in price can play-out for a month giving higher rewards. It is a two candlestick pattern of which the second bearish candlestick must open above the high of previous bearish candle and must close below the 50% of the range of first / previous candlestick of the pattern.
Bearish Piercing Pattern – BEL
