Forex eBook

Dark Cloud Cover Bearish Pattern

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Dark Cloud Cover Bearish Pattern

Dark Cloud Cover Bearish Pattern Basic Info

Dark Cloud Cover Pattern is a two-candlestick pattern signaling a top reversal after an uptrend. Reliability is High.

How to recognize Dark Cloud Cover Bearish Pattern

1. Market is Bullish uptrend.
2. We see a long green candlestick in the first day.
3. Then we see a red body characterized by an open above the high of the previous day on the second day.
4. The second red candlestick closes within and below the midpoint of the previous white body.

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