Dark Cloud Cover Candle-stick Patterns - Dark Cloud Cover Bearish Candlestick Pattern

Dark Cloud Cover Candle-stick Pattern

Dark Cloud Candle Pattern is the opposite of piercing candle stick pattern.

Dark cloud cover candle stick pattern is a long white body followed by a long black body.

The black body pierces the midpoint of the prior white body.

Dark cloud cover candlestick pattern is a bearish reversal candlestick pattern that occurs at the top of a uptrend.

Dark cloud cover candlestick pattern highlights that the market opens higher and closes below the midpoint of the white body.

Dark cloud cover candlestick pattern highlights that the momentum of the uptrend is reducing and the market trend is likely to reverse & move in a down-wards direction.

Dark cloud cover candle pattern is shown known as a cloud cover - signifying the cloud as a ceiling for the price up-ward trend.

Dark Cloud Cover Candle Pattern - How to Trade Dark Cloud Cover Candles Patterns

Analysis Dark Cloud Cover Candle Pattern

A sell signal is confirmed once price closes below neckline which is the opening of the candle on the left of this Dark cloud cover candlestick pattern.

This is a bearish candlestick pattern setup and price should continue moving downward & for one who puts a sell trade should also put stop loss orders just above the highest price level.