DARK CLOUD COVER
It is a situation in the candlestick chart where the black candlestick follows a long white candlestick. If this happens, it can mean a future bearish market.
Essentially, the large black candle is forming a "dark cloud" over the preceding bullish trend.
The dark cloud must have a closing price that is: 1) within the price range of the previous day, but 2) below the mid-point between open and closing prices of the previous day.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:02 | Trade Balance | Nov | |
| 07:00 | Economy Watchers Survey | Nov | |
| 09:00 | Industrial Production | Oct | |
| 10:00 | SECO Consumer Confidence | Nov | |
| 11:30 | Sentix Investor Confidence | Dec | |
| 01:50 | M2 Money Supply + CD | Nov | |
| 02:01 | BRC Retail Sales Monitor | Nov | |
| 02:30 | NAB Business Confidence | Nov | |
| 05:30 | RBA Interest Rate Decision | Dec |
