Dark Cloud Cover Bearish Candle Sticks Setup

Dark Cloud Cover Candlestick Pattern

Dark Cloud Candle Pattern is the opposite of piercing candle 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 and closes below the midpoint of the white body.

Dark cloud cover candle setup displays that the momentum of the up trend is reducing and the market 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 price up-wards 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 Candlestick 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 candle 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.