Dark Cloud Cover Candlestick

Dark Cloud Cover is a two-candlestick pattern bullish and bearish.

Dark-cloud Cover pattern is a bearish reversal. Dark Cloud Cover also called top reversal pattern that appears in an uptrend. Dark cloud cover pattern is only valid if it seems in an uptrend.

A Dark cloud cover Pattern occurs when a bearish candle closes below the center of bullish candle.

 The market continues the uptrend on the first day. But 2nd  day sellers take price down to close near the open of the previous day.

Identification of Dark Cloud Cover candlestick Pattern

1st day bulls

2nd day bears

Bearish trend reversal pattern

Both candles contain a large body and are of approximate equal height. The upper and lower shadows are little or nonexistent.

The first candlestick in this pattern must be a light candlestick with a large real body.

Second candlestick closes below the middle of the first candlestick.It is preceded by a strong up trend.