Dark Cloud Cover
it is a reversal pattern where a down candle (typically ) opens above the close of the prior up candle (typically ) and then closes below the midpoint of the up candle. The five criteria for the Dark Cloud Cover pattern are:
- An existing uptrend.
- An up ( ) candle within that uptrend.
- A gap up on the following day.
- The gap up turns into a down ( ) candle.
- The candle closes below the midpoint of the previous candle.
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a nice reversal point has been spotted by the Dark Cloud Cover trading system
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