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Rick

Dark Cloud Cover

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Dark Cloud Cover

The Dark Cloud Cover is a bearish reversal pattern which is composed of a white body followed by a black body. It is the opposite of the Piercing Line. It tells that the market opens above the prior day's high, and closes below the midpoint of the prior white body.

Recognition Criteria:

* A white body followed by a black body.

* The black body passes the midpoint of the prior white body.

* Occurs in an uptrend.

(Confirmation is suggested.)

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