Dark Cloud Cover

What is the ‘Dark Cloud Cover’

The Dark Cloud Cover, in candlestick charting, is a pattern where a black candlestick follows a long white candlestick. It can be an indication of a future bearish trend.

Explaining ‘Dark Cloud Cover’

Essentially, the large black candle is forming a “dark cloud” over the preceding bullish trend.

The dark cloud must have a closing price that is:
1) within the price range of the previous day, but
2) below the mid-point between open and closing prices of the previous day.

Further Reading

  • Dark cloud or silver lining? The value of bonding networks during youth – www.tandfonline.com [PDF]
  • The lunar moon festival and the dark side of the moon – www.tandfonline.com [PDF]
  • The dark cloud with a silver lining: Assessing the impact of the SARS COVID-19 pandemic on the global environment – www.sciencedirect.com [PDF]
  • Jefferson County Alabama: a dark cloud looms – www.emerald.com [PDF]
  • Overshadowing: a silver lining to a dark cloud in horse training – www.tandfonline.com [PDF]
  • WARNING! READ INSTRUCTIONS BEFORE OPERATING THE WORLD'S FINANCIAL MACHINERY: THE LORDS OF FINANCE GUIDE TO HANDLING ECONOMIC … – heinonline.org [PDF]
  • Automated masking of cloud and cloud shadow for forest change analysis using Landsat images – www.tandfonline.com [PDF]
  • Technology development and disasters: is there a silver lining to the dark cloud? – www.inderscienceonline.com [PDF]