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Dark Cloud Cover

 

If there is a pattern occurs likely the Piercing Line but in the opposite way, that is a Dark Cloud Cover. The Dark Cloud Cover is a bearish pattern which usually happens in a uptrend market. It has a red long candlestick body after a long green candlestick body, but the closing price of the red body is higher than the midpoint of green body, and the high price of red body is higher than the green candlestick body. It indicates that the market price has fallen significantly.

 

 
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