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.
