Another Bearish Reversal Pattern.
The Bearish Dark Cloud Cover pattern is a two-candlestick pattern signaling a top reversal after an uptrend or, at times, at the top of a congestion band. (as shown in the LVS chart) We see a strong white real body in the first day. The second day opens strongly above the previous day high (it is above the top of the upper shadow). However, market closes near the low of the day and well within the prior day’s white body at the end of the day.
Today, LVS made such a pattern.
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