Reversal Stock Candle Patterns - Dark Cloud Cover Candle Pattern

Dark Cloud Cover Candle-stick Pattern

Dark Cloud Stock 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 forms at the top of a upward trend.

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

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

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

Dark Cloud Cover Stock Candle Pattern - How to Trade Dark Cloud Cover Candlesticks Patterns - How to Analyze Dark Cloud Cover Candlesticks Pattern

Technical Analysis Dark Cloud Cover Candlestick Pattern

A sell signal is confirmed once price closes below the neck-line which is the opening of the candle on the left of this Dark cloud cover candle stick pattern.

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