Bulkowski’s Dark Cloud Cover

Individuals must consider all relevant risk factors including their own personal financial situation before trading.

To see more detailed statistics, for other markets and periodicity try our CandleScanner software. Individuals must consider all relevant risk factors including their own personal financial situation before trading. 

The high point of the dark-cloud cover pattern can also serve as a resistance line, and a possible location for a stop loss.

The Dark-Cloud Cover Pattern 

Dark Cloud Cover Pattern. Formation. The Dark Cloud Cover pattern is the opposite of the Piercing candlestick pattern (which is a bullish reversal signal). To identify it, several conditions must be met: First, a definite uptrend must be occurring. Second, a negative candle (which can be black or red) must follow a positive candle (which can be white .

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What is the 'Dark Cloud Cover' 

The Dark Cloud Cover is a bearish reversal candlestick pattern where a black candlestick opens above a white candlestick's close and below its midpoint.

A Dark Cloud Cover Pattern occurs when a bearish candle on Day 2 closes below the middle of Day 1's candle. In addition, price gaps up on Day 2 only to fill the gap (see: Gaps) and close significantly into the gains made by Day 1's bullish candlestick. Dark Cloud Cover Discussion. I like the name, dark cloud cover, but have trouble remembering it when I am searching for candles. Maybe it is because the pattern has a reputation as a reversal candle -- and it does reverse -- but nothing like the expectations. 

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Dark Cloud Cover Important Results

Jun 01,  · Dark cloud cover patterns are 3 candlestick patterns. The dark cloud cover pattern can signal a bearish reversal in a bullish trend.. This patterns is more effective on a daily chart rather than a shorter time frame. Options trading as well as swing trading can benefit from this pattern.5/5(5). Dark Cloud Cover Pattern. Formation. The Dark Cloud Cover pattern is the opposite of the Piercing candlestick pattern (which is a bullish reversal signal). To identify it, several conditions must be met: First, a definite uptrend must be occurring. Second, a negative candle (which can be black or red) must follow a positive candle (which can be white .

The Dark Cloud Cover is a classic bearish reversal pattern, which appears at the end of an uptrend. After definite increases, the second candle of the pattern opens creating a price gap, however, closes below the midpoint of . The first day of the Bearish Dark Cloud Cover pattern is a normal or long white candlestick. The second day should open well above the close of the first day and close more than halfway into the prior white candlestick’s body.

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