Dark Cloud Cover Bearish Candle Sticks Setup

Dark Cloud Cover Candlestick Pattern

Dark Cloud Candle Pattern is the opposite of piercing candlestick pattern.

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

Black body pierces the midpoint of the prior white body.

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

Dark cloud cover candlestick setup displays that the market opens higher & closes below the midpoint of the white body.

Dark cloud cover candle setup displays that the momentum of the up trend is reducing & the market trend is likely to reverse and move in a downward direction.

Dark cloud cover candle pattern is shown known as a cloud cover - signifying the cloud as a ceiling for the price up-ward trend.

Dark Cloud Candlestick Pattern - How to Trade Dark Cloud Cover Candles Setups - How to Analyze Dark Cloud Cover Candles Setup

Technical Analysis Dark Cloud Cover Candle Pattern

A sell signal is confirmed once price closes below neckline which is the opening of the candle on the left of this Dark cloud cover candlestick setup.

This is a bearish candlestick pattern setup and price should continue moving down-wards and for a trader who puts a sell trade should also put stop loss orders just above the highest price region.