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Dark Cloud Cover is a bearish reversal candlestick pattern that is formed at the end of an uptrend.
It signals potential weakness in the uptrend.
It is made of two candlesticks. The first candlestick is a bullish candlestick and the second one is a bearish candlestick.
The second candlestick is a bearish candlestick that signals reversal and the uptrend’s end.
This candlestick pattern is similar to the piercing pattern.
The only difference is that piercing pattern occurs at the end of the downtrend, whereas dark cloud cover occurs at the end of an uptrend.
To read more visit : https://www.elearnmarkets.com/blog/dark-cloud-cover-candlestick-pattern/
By ElearnmarketsDark Cloud Cover is a bearish reversal candlestick pattern that is formed at the end of an uptrend.
It signals potential weakness in the uptrend.
It is made of two candlesticks. The first candlestick is a bullish candlestick and the second one is a bearish candlestick.
The second candlestick is a bearish candlestick that signals reversal and the uptrend’s end.
This candlestick pattern is similar to the piercing pattern.
The only difference is that piercing pattern occurs at the end of the downtrend, whereas dark cloud cover occurs at the end of an uptrend.
To read more visit : https://www.elearnmarkets.com/blog/dark-cloud-cover-candlestick-pattern/

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