Many traders consider the dark cloud cover pattern important as a possible signal of reversal to the downside. It is not thought to be as strong a signal as the more definitive bearish engulfing ...

The name ‘dark cloud cover’ is given as a large black candle looks similar to a ‘dark cloud’ over the previous day’s sunny candle. Identifying this pattern is comparatively easy.

Critical Support on the SPY (SPDR S&P500 ETF) highlighted by multiple technical analysis strategies suggests 335~335.25 is acting as a major support level. A Dark Cloud Cover pattern is a Japanese ...