can anyone help me ,whether this candle formation is dark cloud or tweezers top as the close of first and open of second is same . could it is a reversal signal?
What do you think?
The 2-bar “pattern” you’re asking about is essentially exactly the same as the one that arose 12 bars earlier, isn’t it?
Was it a “reversal signal” that time?
Or do entries perhaps not matter very much, in the overall scheme of successful trading, anyway? 
This is not Dark Cloud Cover, the bearish bar’s Open is not above the bullish bar’s High. You could treat it as if it is so that you can take a trade now and on this market, but as it isn’t really the right pattern you won’t really get the right performance. So why do that?
I don’t think Dark Cloud cover is a bad pattern to use, but because it is used as a reversal entry signal in an uptrend, it will produce lots of false signals and usually poor follow-through on the good signals.
Hey, thanks for replying. The one that came 12 bars ago fully engulfed the previous candle. It is a total reversal, but I thought this was coming as a Darkcloud pattern. What do you think?
Thanks for your suggestion, but after this candle, the market fell I’m still thinking this pattern can be a dark cloud what about your thoughts on this?
It’s typical in forex to see a sharp price fall immediately after a sharp price rise. It might be its tendency towards mean reversion, or towards price equilibrium / stability, but it’s definitely that sort of market.
It’s OK to use a price chart wth a pattern that looks like a well known candlestick pattern to guide your trade - but if for example Dark Cloud Cover has a 65% success rate, and the pattern you follow only looks partially like Dark Cloud Cover, don’t expect a 65% success rate.
It’s impossible to get true Dark Cloud cover on an intra-day chart because the Open of the bearish candle cannot be higher than the High of the preceding bullish candle.
Great point about Dark Cloud Cover! Do you think there’s a better candlestick pattern for intra-day trades, or should we focus on other indicators?
I rarely trade intra-day but if I did I would probably stay at 30 minute bars or longer, and simply follow trends - looking for standard swing trading patterns, like breaches of recent significant high or low, or failure of counter-trend moves. Of course this raises the age-old question - should I enter an uptrend when a high is exceeded, or when a price makes a low such as in a pullback and then starts rising again? Both work.
So many classic and quite successful candlestick patterns cannot work well intra-day because their Closes and Opens are always the same price. Patterns that depend on differing Close and Open prices tell you something quite powerful but they only apply when there is a market closed session between the two.
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