This pattern represents indecision in the market. It is neither bullish nor bearish but can emerge at tops and bottoms as a reversal pattern, and at small base buildings as a continuation.
15-minute, 1-hour, end of day timeframes
Dark Cloud Cover
A reversal pattern which has to emerge at a top or resistance in order to be considered a valid bearish signal.
This pattern emerges when supply is stronger than demand. It becomes more significant when it occurs at a resistance level.
This reversal pattern occurs when price rises during the session but closes near the opening level. It has bearish implications when it occurs at resistance levels.
A pattern showing an initial drop in prices and subsequent rise, to close near the opening level. It's considered a bullish reversal pattern but it can be found at minor corrections of an uptrend.
15-minute, end of day, 1-month timeframes