Dark Cloud Cover Candlestick Pattern

The “dark cloud cover” is a bearish reversal candlestick pattern. The dark cloud cover starts by appearing to continue an existing uptrend with a long white candle body, then the following day price opens at a new high but reverses and closes below the middle of the previous day’s bullish candle range

What is a Bearish Engulfing Candle?

Bearish Engulfing Candle

A bearish engulfing candle forms on a chart when a small body candle is inside the range of the next large down candle which can be black or red depending on chart settings. When a two candle of pattern happens near the top of an up trending chart or when a chart has an overbought technical reading like … Read more