Dark Cloud Cover Pattern

Online Trading » Candlestick Patterns » Dark Cloud Cover Pattern
dark cloud cover

For a better understanding of this article, you should already know what Japanese Candlesticks are and all their features; for this reason, we suggest you to read this introductory article to Japanese Candlesticks: Japanese Candlestick Chart ( So that you can understand also the Ratings given to the Candlestick Patterns for the “quality” of the signal and for their frequency to “appear” on Charts).

Let’s analyse now the following Candlestick Pattern: “Dark Cloud Cover Pattern”.

Dark Cloud Cover Pattern

 

dark cloud cover

– Normally it should be a signal of bearish reversal of the current Trend.

– It occurs during an Uptrend; confirmation is required by the candles that follow the Pattern.

– The First Candle is white.

– The Second Candle is black; it has the Close below the midpoint of the Real Body of the First Candle (And above the Open of the First Candle). Moreover, the Open should be above the High of the First Candle.

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