Reversal Stock Indices Candle Patterns - Dark Cloud Cover Candle Pattern

Dark Cloud Cover Candle Pattern

Dark Cloud Cover Stock Indices Candle Pattern is the opposite of piercing candle pattern.

Dark cloud cover candle pattern is a long white body followed by a long black body.

The black body pierces the midpoint of the prior white body.

Dark cloud cover candlestick pattern is a bearish reversal candlestick pattern that forms at the top of a upward indices trend.

Dark cloud cover candlestick pattern shows that the stock indices trading market opens higher & closes below midpoint of the white body.

Dark cloud cover candlestick pattern shows that the momentum of the up indices trend is reducing & stock indices trading market indices trend is likely to reverse & move in a downwards direction.

Dark cloud cover candlestick pattern is shown known as a cloud cover - signifying the cloud as a ceiling for the stock indices price upwards trend.

Dark Cloud Cover Stock Indices Candle Pattern - How to Trade Dark Cloud Cover Candles Patterns - How to Analyze Dark Cloud Cover Candles Pattern

Technical Analysis Dark Cloud Cover Candlestick Pattern

A sell stock indices signal is confirmed once stock indices price closes below the neck-line which is the opening of the candle on the left of this Dark cloud cover candle pattern.

This is a bearish candlestick pattern setup and stock indices price should continue moving downwards and for a trader who puts a sell indices trade should also put stop loss stock indices orders just above the highest stock indices price area.