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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 large black candle casts a dark cloud over the preceding bullish trend. 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.
For a complete printable reference see also: Japanese Candlesticks PDF Ebook
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