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Dark Cloud Cover
What does it mean?
In candlestick charting, a pattern where a black candlestick follows a long white candlestick. It can be an indication of a future bearish trend.
In Other Words...
Essentially, the large black candle is forming a "dark cloud" over the preceding bullish trend. The "dark cloud" must have a closing price within the price range of the previous day, but below the mid-point between open and closing prices.
Related Links
Introduction to Technical Analysis - Here is an easy-to-understand tutorial on the various tools used in technical analysis, including moving averages, RSI, Bollinger bands, stock chart patterns, and much more.
Related Terms
Bear | Candlestick | Technical Analysis
1 |
A | B |
C | D |
E | F |
G | H |
I | J |
K | L |
M | N |
O | P |
Q | R |
S | T |
U | V |
W | X |
Y | Z
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