Dark Cloud Cover

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Dark Cloud Cover

In candlestick charting, a pattern where a black candlestick follows a long white candlestick. It can be an indication of a future bearish trend.

Notes:

Essentially, the large black candle is forming a "dark cloud" over the preceding bullish trend. The "dark cloud" must have a closing price within the price range of the previous day, but below the mid-point between open and closing prices.

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