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Dark Cloud Cover

Hit Rate:

63 %

Candle Count:

2 Candles

Outlook:

Bearish Reversal

About the Pattern:

  • the first candle is bullish

  • the second candle is bearish

  • the open level of the second candle must be above the first candle (there’s a gap there)

  • the close of the second candle must be below the 50% level of the body of the first candle

Outlook:

  • the end of an uptrend and start of a downtrend

  • the end of a pullback, resuming a downtrend

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