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Crypto · candlestick pattern

Dark cloud cover on Arbitrum

On Arbitrum the dark cloud cover showed up 121 times. The target came first 44% of the time, the stop 52%, and 4% went nowhere within 12 candles.

Counted on Arbitrum (ARB/USDT): daily candles from March 2023, 4-hour candles from March 2023 and hourly candles from March 2023.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily617%83%0%
4-hour2471%25%4%
Hourly9138%57%4%

Arbitrum against the rest

ChartsFoundTarget firstStop firstWent nowhere
Arbitrum12144%52%4%
All Crypto charts4,67435%56%8%
Every market6,38536%57%8%

Year by year

YearFoundTarget firstStop first
20232744%56%
20243639%58%
20252552%48%
20263342%45%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the dark cloud cover is

After a big green candle, red closes below its middle.

Imagine a sunny sky, and then a dark cloud slides over more than half of it. A dark cloud cover is like that: after a big green candle, the next red candle pushes down past the middle of the green one. Sellers took back more than half of the climb.

The full dark cloud cover lesson, video and quiz ›

Other patterns on Arbitrum

Inside bar · Stochastic bullish cross · Stochastic bearish cross · Spinning top · Volume profile rejection · Volume profile bounce · Doji · MACD bullish cross · MACD bearish cross · EMA 9/21 bullish cross · all of them

The dark cloud cover elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot · GBP/USD · EUR/JPY

Questions

How often does the dark cloud cover work on Arbitrum?

In 121 cases on Arbitrum, the target (1.5 × ATR) came before the stop (1 × ATR) 44% of the time and the stop came first 52%; 4% went nowhere within 12 candles.

What is the dark cloud cover?

After a big green candle, red closes below its middle.