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Bearish Dark Cloud Cover

Daily Charts:   148 found in last 10 days.   Updated Fri May 16 18:16:28 2008 CST . Click here to see them.

Weekly Charts:   110 found in last 10 weeks. Click here to see them.

Bearish Dark Cloud Cover

This pattern signals a trend...
How to identify...
Similar pattern(s)...
Reversal
  1. 1st day is a long white day.
  2. 2nd day is a black day which opens above the 1st day's high.
  3. 2nd day closes within the 1st day, but below the midpoint.
  • none

Psychology...

A long white candlestick is formed on the 1st day and a gap up is created on the 2nd day. This is encouraging to the bulls. However, the 2nd day closes below the midpoint of the 1st day. Longs quickly question their strategy.





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