blog-main
Technical Analysis
  • March 11, 2023
  • Jose Mathew T

Charting and Technical Analysis Hub

 Dark Cloud Cover candlesticks pattern

The Dark Cloud Cover pattern consists of two candlesticks, indicating a possibility of a bearish reversal if it occurs after an uptrend. The first candlestick is a white candle, while the second candlestick is a black candle that opens higher than the preceding white candle and closes below its midpoint. The pattern indicates that sellers gained strength and have the potential for further downside. In the upcoming session, if the price moves below the low of the black candle, it confirms a downtrend.


Did You Like This Post? Share it :