Dark Cloud Cover

Dark Cloud Cover is a bearish candlestick pattern made up of two candles.

How to Identify:
The 1st bar is long and bullish and continues the uptrend;
The 2nd bar is bearish and it opens above the 1st bar’s High price;
The Close price of the 2nd bar is in the lower half of the previous bar’s body.

We use our proprietary data-mining algorithm to capture specific price movement and pattern performance.

As you know, under certain circumstances, a Bearish pattern can also perform as a Bullish pattern, and a reversal pattern can be changed into a continuation pattern.

If you want to find out the performance of this pattern in real market, not in theory, our data mining results are your must have reference.

Dark Cloud Cover Pattern data mining result (2014 Daily, bearish reversal)

Dark Cloud Cover Pattern data mining result (2014 Daily, bullish continuation)

Dark Cloud Cover Pattern data mining result (2014 monthly, bearish reversal)

Dark Cloud Cover Pattern data mining result (2014 monthly, bullish continuation)

Dark Cloud Cover Pattern data mining result (2014 weekly, bearish reversal)

Dark Cloud Cover Pattern data mining result (2014 weekly, bullish continuation)

The following pictures are taken from our Candlestick Pattern Indicator (Thinkorswim version).