Dark Cloud Cover

he Dark Cloud Cover pattern is the opposite of the Piercing Line.
The pattern gives a weaker signal than the Bearish Engulfing pattern.

Bearish top reversal pattern
Follows an uptrend
1st candle is a long green body
2nd candle is a long red body
2nd candle opens above previous day's high
2nd candle closes below midpoint of the previous candle
The deeper the 2nd candle closes into the 1st one, the stronger the signal
The highest high of the 2 sessions is considered resistance
Confirmation is suggested in the form of a lower close or a gap down on the next candle



                 Below is a 5 min chart of the EUR/USD featuring a Dark Cloud Cover.