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Dark Cloud Cover
Posted By: TradersLog
On a Japanese Candlestick chart, Dark Cloud Cover is a bearish reversal pattern consisting of a black candlestick that follows a long bodied white candlestick during an uptrend. The long bodied black candle casts an ominous dark cloud over the preceding upward trend in price. The black candlestick opens at a new high and closes below the midpoint of the body of the preceding long bodied white candlestick. Dark Cloud Cover is the opposite of the Bullish Piercing Line Candlestick Pattern.
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