What Is The Dark Cloud Cover Candlestick Pattern & How To Trade With It

Dark Cloud Cover Candlestick Pattern

The Dark Cloud Cover is a reversal trading pattern that can indicate a  possiblebearish trend. The pattern shows a change in momentum from upside to downside. What is the Dark Cloud Cover Candlestick Pattern? The formation of the Dark Cloud Cover takes place when a bearish candle follows a bullish candle. The bearish candle opens above the close of the bullish candle and closes below the middle of the bullish candle. The candle next to these two candles is a bearish candle, which confirms the pattern’s development. Here’s what the pattern looks like on the chart: The two candles have …READ MORE