Dark Cloud Cover Candlestick Pattern – School

Dark Cloud Cover?

The Dark Cloud Cover is a multiple candlestick chart pattern that consists of two candlesticks. This pattern is formed after an uptrend and indicates that a bearish reversal is taking place.

Explanation of Dark Cloud Cover

The Dark Cloud Cover consists of two candlesticks.

The first candlestick is bullish and indicates the continuation of an uptrend.

The second candlestick is bearish and opens within the body of the first candle. It takes up more than half the body of the first candle. The formation of this candle indicates the end of an uptrend and the beginning of a bearish reversal.

Learn more about candlestick patterns.

Oh! It’s Friday again. Share the love that was missing during the week. In a worthy moment of peace and bliss.

S. O’Sade