Dark Cloud Cover

On a Japanese Candlestick chart, Dark Cloud Cover is a bearish reversalĀ 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.

Dark Cloud Cover Japanese Candlestick Chart Pattern