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Crypto · candlestick pattern

Dark cloud cover on Chainlink

On Chainlink the dark cloud cover showed up 171 times. The target came first 30% of the time, the stop 63%, and 6% went nowhere within 12 candles.

Counted on Chainlink (LINK/USDT): daily candles from January 2021, 4-hour candles from January 2021 and hourly candles from January 2021.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily650%50%0%
4-hour4330%60%9%
Hourly12230%65%6%

Chainlink against the rest

ChartsFoundTarget firstStop firstWent nowhere
Chainlink17130%63%6%
All Crypto charts4,67435%56%8%
Every market6,38536%57%8%

Year by year

YearFoundTarget firstStop first
20212635%65%
20222421%75%
20234434%57%
20243234%62%
20252322%70%
20262232%55%

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 Chainlink

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

The dark cloud cover elsewhere

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

Questions

How often does the dark cloud cover work on Chainlink?

In 171 cases on Chainlink, the target (1.5 × ATR) came before the stop (1 × ATR) 30% of the time and the stop came first 63%; 6% went nowhere within 12 candles.

What is the dark cloud cover?

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