Dark Cloud Cover is a formation that suggests the market is trying to reverse its uptrend, and is considered a bearish chart pattern. In Dark Cloud Cover, a long green candlestick is followed by a long red candlestick that opens above the green candlestick’s high. The long red candlestick must close well into the prior candlestick’s range for it to be valid.
Dark Cloud Cover: This is a bearish pattern. The pattern is more important if the second line’s body is below the center of the previous line’s body.