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Dark Cloud Cover

 

Description

 

This reversal pattern emerges as a “dark cloud” over an uptrend. It is a bearish signal.

 

The Dark Cloud signal is a signal that tells an obvious reversal of a trend. It is

named because it looks like a dark cloud over a nice bright sunny uptrend.

 

The first day is a long white candlestick at the top of an uptrend. The body of the second candlestick is black. The second day opens higher than the high of the first day, and closes at least one half way down the first day candle. The further down the white candle, the more confirmation of a reversal.

 

(A close at or below the first day open transforms this dark cloud pattern into a bearish engulfing pattern).

 

Market Opinion

 

Bearish.

 

Pattern

 

Description: Description: C:\avasaramworkspace\avasaramWeb\web\tutorials\candlesticks\Dark Cloud Cover_files\image001.jpg 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
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