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  • user warning: Table './mysmp_drupal/cache_filter' is marked as crashed and should be repaired query: UPDATE cache_filter SET data = '<h2>Dark Cloud Cover Candlestick Definition</h2> <p>The <strong>dark cloud cover</strong> pattern occurs in an uptrend and is comprised of two candlesticks. The first candlestick in the pattern is a long green candle, that is accompanied with high volume. The next candlestick makes a higher high, but then sells off to close below the midpoint of the first candlestick, but not below the open of that candle. In Japan this snap back sell off is called a kabuse, which means to get covered or to hang over.</p> <h2>Dark Cloud Cover Candlestick Chart Example</h2> <p>The dark cloud cover is one of the first signs that a potential bearish reversal is in play. Traders should wait for the low of the first <a title=\"candlestick\" href=\"/candlestick/index.html\">candlestick</a> in the pattern to be exceeded prior to taking a short position. Stops can conversely be placed above the high of the first candlestick of the formation. The more the second candle closes below the mid-point of the first candlestick, the greater the odds of a successful dark cloud cover line reversal pattern.</p> <p><span class=\"inline inline-none\"><img src=\"http://www.mysmp.com/sites/default/files/images/dark-cloud-cover.png\" alt=\"Dark Cloud Cover\" title=\"Dark Cloud Cover\" class=\"image image-_original \" width=\"563\" height=\"431\" /><span class=\"caption\" style=\"width: 561px;\"><strong>Dark Cloud Cover</strong></span></span></p> <p>&nbsp;</p><br /><div class=\"image-clear\"></div>', created = 1560785489, expire = 1560871889, headers = '', serialized = 0 WHERE cid = '1:bf372ba09fbdc6ed553ba61195c67aba' in /var/www/html/mysmp/includes/cache.inc on line 109.
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Dark Cloud Cover Candlestick Pattern

Dark Cloud Cover Candlestick Definition

The dark cloud cover pattern occurs in an uptrend and is comprised of two candlesticks. The first candlestick in the pattern is a long green candle, that is accompanied with high volume. The next candlestick makes a higher high, but then sells off to close below the midpoint of the first candlestick, but not below the open of that candle. In Japan this snap back sell off is called a kabuse, which means to get covered or to hang over.

Dark Cloud Cover Candlestick Chart Example

The dark cloud cover is one of the first signs that a potential bearish reversal is in play. Traders should wait for the low of the first candlestick in the pattern to be exceeded prior to taking a short position. Stops can conversely be placed above the high of the first candlestick of the formation. The more the second candle closes below the mid-point of the first candlestick, the greater the odds of a successful dark cloud cover line reversal pattern.

Dark Cloud CoverDark Cloud Cover

 


Tim Ord
Ord Oracle

Tim Ord is a technical analyst and expert in the theories of chart analysis using price, volume, and a host of proprietary indicators as a guide...

Tradingsim.com
Day Trading Simulator

Tradingsim.com provides the ability to simulate day trading 24 hours a day from anywhere in the world. TradingSim provides tick by tick data for...

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