ncrypt | web3 research

Important to know! In the «Dark-Cloud Cover»pattern, the black body does not necessarily have to cover the previous white body by more than half. But for the «Piercing pattern», there is a stricter requirement: the white candle must rise to at least half the body of the black candle.
This requirement exists because there are independent candlestick analysis patterns similar to «Piercing pattern», in which the body of the white candle covers the body of the black candle by less than half.
These figures are shown in the picture. Tomorrow I will tell you more about them.

We have already talked about combinations in which the body of the white candlestick overlaps the body of the black candlestick by less than half. They are called: on-neck, in-neck and thrusting pattern. These combinations are bearish signals. They differ from each other only in the degree of intersection of the white and black bodies. In the "on-neck" pattern, trading ends near the minimum price of the previous day, and in the "in-neck" pattern - slightly above the closing price. In both of these cases, white candlesticks usually have a small body. In the "thrusting" pattern, the white candlestick has a longer body and it overlaps part of the black one, but does not reach its middle.