Trends/Candlestick patterns

Dark cloud cover

After a rise, a falling bar opens above the previous high and closes below the midpoint of the previous body.

Candlestick patternsBest on 3M, 6MAlso called dark cloud

Illustration of the dark cloud cover shape. It is a sketch, not real price data.

What it shows

Dark cloud cover has two bars. Bar 1 is a long up bar. Bar 2 opens above bar 1's high and closes below the midpoint of bar 1's body but above its open.

It is the mirror of the piercing line.

How we find it

The same code that draws it on your chart follows these steps, with the same result every time.

Bar 1: long up bar after a rise.
Bar 2 open > bar 1 high.
Bar 2 close < midpoint of bar 1 body.
Bar 2 close > bar 1 open.

Starting values: Bars 2; Close below the body midpoint. These are proposed and will be tuned on real price data before launch.

How to read it

The gold zone covers the two bars.
The dashed line is the midpoint of the first body.
Bar 2 closes below it.

Status labels you may see

Label	What it means
Today	Rule met with the last two bars.
Recently	Within the last 5 bars.
None	Not found.

What cancels it

Nothing cancels it.

What traders check next

How far below the midpoint.
Volume.
Next bar.

Limits

Requires a gap.
Outcomes vary.
Small sample.

Try it in forecastviz

Open any ticker and choose Candlestick patterns → Dark cloud cover in the left menu.
Switch between 3M, 6M to see how the picture changes.
Compare with Piercing line and Bearish engulfing on the same chart.

Open on a ticker

Questions

Why 'cloud'?

The long dark bar looks like a cloud over the previous bar.

Mirror pattern?

The piercing line.